The Capital Market Authority announces the issuance of a CMA Board resolution numbered (5-13-2011) and dated 20/5/1432H corresponding to 24/04/2011 to impose a  penalty of SR 50.000 ( Fifty Thousand Saudi Riyals) on Weqaya Takaful insurance and reinsurance Company due to its violation of clause (A) of Article (45) of the Capital Market Law and clause (D) of Article (26) of the Listing Rules. The company did not publish,during the  specified period by the Listing rules, its initial financial statements for the period closing on 31/12/2010.