The Capital Market Authority announces imposition of a penalty of SR 50.000 ( Fifty Thousand Saudi Riyals)  on Arab National Bank due to it’s violation of sub- clause (5) of clause (b) of Article (25) of the Listing Rules. The bank did not inform CMA that there was a change in its upper management once it happened.

The Capital Market Authority announces imposition of a penalty of SR 50.000 ( Fifty Thousand Saudi Riyals)  on Arab National Bank due to it’s violation of sub- clause (7) of clause (b) of Article (27) of the Listing Rules.The Board of Directors’ report ,attached with the annual financial statements for the fiscal period ended by 31/12/ 2009, did not include the name of each subsidiary company, its main activity, its main operations’ country and the country where it was founded  .