Imposition of a penalty

The Capital Market Authority announces the issuance of a CMA Board resolution numbered (5-16-2011) and dated 12/06/1432H corresponding to 15/05/2011 to impose a penalty  of SR 50.000 ( Fifty Thousand Saudi Riyals)  on Bupa Arabia for Cooperative Insurance due to its violation of clause (A) of Article (46) of the Capital Market Law and Article (25) of the Listing Rules.
The company failed to report the change in the formation of its senior management as soon as it occurred. It was later announced on 12/04/2011.