​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 Ash-Sharqiyah Development Co. 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 failed to mention in its announcement on the Saudi Stock Exchange (Tadawul)’s website on 16/04/2015 the reasons behind the increase in the Net Profit of the first quarter compared to the same quarter of the previous year mentioned in its interim financial results for the period ending on 31/03/2015.