The Capital Market Authority announces the issuance of a CMA Board resolution numbered (4-15-2011) and dated 05/06/1432H corresponding to 08/05/2011 to impose a penalty  of SR 50.000 ( Fifty Thousand Saudi Riyals)  on Solidarity Saudi Takaful Co. due to its violation of clause (A) of Article (45) of the Capital Market Law and clause (E) of Article (26) of the Listing Rules. The company failed to inform CMA or the shareholders about its annual financial statements for the period closing on 31/12/2010. This was within a period not exceeding Forty days from the end of the financial period covered by those statements.