The Capital Market Authority announces the issuance of a CMA Board resolution numbered (3-26-2011) and dated 21/09/1432H corresponding to 21/08/2011 to impose a penalty  of SR 100.000 ( One Hundred Thousand Saudi Riyals) on the Middle East Specialized Cables Co. (MESC) due to its violation of clause (A) of the CMA Board resolution numbered (8-22-2008) that was issued on 12/06/1429H corresponding to 16/06/2008.  The company failed to timely implement the resolution regarding the compilation of fractional shares, resulting from an increase in its capital, in one portfolio for all shareholders and sell them within 30 days from raising the capital.