The Capital Market Authority announces imposition of a penalty of SR 100.000 ( One Hundred Thousand Saudi Riyals) on Sahara Petrochemical Co. due to its violation of the companies’ announcement instructions issued by the CMA Board Resolution number (4-38-2008) dated 26/11/1429H 24/11/2008.

The company did not include, in its initial financial statement announcement for the period closing in 30/09/2010 (nine months), the reasons for the decline in its net profits of the third quarter of 2010 compared to the second quarter of the same year.

It also did not include, in its initial financial statement announcement for the period closing in 31/12/2010 (twelve months), the reasons for the decline in its net profits of the fourth quarter of 2010 compared to the third quarter of the same year.