The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty  of SR 50.000 ( Fifty Thousand Saudi Riyals)  on the Saudi Investment Bank due to its violation of clause (8) of the Instructions about announcements of companies’ financial results issued according to the Board resolution number (4-38-2008) and dated 26/11/1429H corresponding to 24/11/2008. The bank did not disclose ,in its announcement on Tadawul on 12/10/2011, the reasons behind  the decline in its net profit for the third quarter ending 30/09/2011 (3%) compared to the same quarter in the previous year.