Imposition of a penalty

The Capital Market Authority announces imposition of a penalty of SR 100.000 ( One Hundred Thousand Saudi Riyals)  on the Saudi Arabian Mining Company (Ma’aden) due to its violation of clause (c) of Article (45) of the Capital Market Law by leaking the news of postponing the initial production for the Phosphate Project in Ras Al-Zour to the second quarter of 2011. This news was published on a website on 02/03/2010 but the company did not announce it until 24/11/2010.