Imposition of a Penalty on Saudi Arabian Mining Company

The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty of SR 20,000 (Twenty Thousand Saudi Riyals) on the Saudi Arabian Mining Company (Maaden) due to its violation of clause (A) of Article (40) of the Listing Rules and clause (8) of the Instructions for companies’ Announcements regarding their financial results. The company’s announcement on its interim financial results for the period ending on 31/03/2014 (Three months), which was published on the Saudi Stock Exchange (Tadawul)’s website on 14/04/2014, was not clear as it did not mention all the reasons for theNet Profit increase in the first quarter of 2014 compared to the previous quarter.

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Imposition of a Penalty on Saudi Arabian Mining Company