The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty of SR 10,000 (Ten Thousand Saudi Riyals) on Al-Tayyar Travel Group Holding Co. due to its violation of clause (A) of Article (46) of the Capital Market Law and clause (A) and sub-clause (5) of clause (B) of Article (41) of the Listing Rules. The company failed to inform CMA and the public of the essential development represented in the approval of the Chief Executive Officer’s resignation on 26/8/2013. It was later announced on 29/8/2013.