The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty of SR 20,000 (Twenty Thousand Saudi Riyals) on The National Shipping Co. of Saudi Arabia due to its violation of clause (B) of Article (40) of the Listing Rules and clause (5) of the basic elements that must be met in companies’ announcements of financial results. The company  was late to inform the public about the preliminary financial results for the fiscal period ending on 31/12/2013 “Twelve Months”. The company announced it only less than two hours before the market opens on 16/01/2014. The announcement also did not include the amount of profit (loss) per share during the current period compared to the same period in the previous year.