​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 Riyad Bank due to its violation of clause (E) of the General Instructions that must be taken into Account by Companies when publishing their Announcements. The bank announced on the Saudi Stock Exchange (Tadawul)’s website on 07/01/2014 his board of directors’ decision to recommend to the General Assembly for Shareholders to distribute dividends for the second half of 2013 in less than two hours before the market opens and without waiting for announcing it after the market closes. The Bank also violated clause (A) of Article (40) of the Listing Rules and sub-clause (8) of clause (B) of clause (1) from the second provision from the Instructions for Companies’ Announcements related to changes in capital. The Bank did not mention when the shares are eligible in its announcement on the Saudi Stock Exchange (Tadawul)’s website on 30/01/2014 related to the recommendation of the board to the capital increase through issuing shares.