Imposition of a Fine on Jarir Marketing Co.

​The Capital Market Authority announces the issuance of a CMA Board resolution to impose a fine of SR 10,000 (Ten Thousand Saudi Riyals) on Jarir Marketing Co. due to its violation of clause (A) of Article (40) of the Listing Rules and clause (8) of of the Instructions for companies’ Announcements regarding their financial results. The company failed to mention in its announcement on its interim financial results for the period ending on 31/12/2013 (Twelve Months), which was published on the Saudi Stock Exchange (Tadawul)’s website on 19/01/2014, all the reasons for theNet Profit decrease in the fourth quarter of 2013 compared to the same quarter of the previous year.