Imposition of a Fine on Fawaz Abdulaziz Alhokair Co.

​The Capital Market Authority announces the issuance of a CMA Board resolution to impose a fine of SR 40,000 (Forty Thousand Saudi Riyals) on Fawaz Abdulaziz Alhokair 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's announcement on 10/06/2014 to invite its shareholders to attend the ordinary general assembly’s meeting in the item related to the approval of the contracts and businesses in which the board member has a direct or indirect benefit did not include the details related to the nature and amount of the interaction with the related parties.