​The Capital Market Authority announces the issuance of a CMA Board resolution to impose a fine of SR 20,000 (Twenty Thousand Saudi Riyals) on Dar Alarkan Real Estate Development Co. due to its violation of clause (A) of Article (40) of the Listing Rules as well as sub-clause (5) of clause (B) of clause (1) of the Instructions for Companies’ Announcements Related to General Assemblies. The company did not disclose in its announcement on 15/05/2014 regarding inviting its shareholders to attend the eleventh ordinary general assembly’s meeting about all the details in the agenda which are related to the approval of the contracts and businesses in which the board member has a direct or indirect benefit. The company’s announcement did not include the amount of transaction, name of the related board member and the nature of the transaction in the part related to the approval request on the transactions between the company and Saudi Home Loans “SHL”. It also violated clause (B) of Article (40) of the Listing Rules as the company was late to disclose to the public about inviting its shareholders to attend the eleventh ordinary general assembly meeting on 15/05/2014.