​The Capital Market Authority announces the issuance of a CMA Board resolution to impose penalties of SR 120,000 (One Hundred and Twenty Thousand Saudi Riyals) on Etihad Atheeb Telecommunication Company (GO) due to its violation of sub-clauses (2), (6) and (7) of clause (A) of the General Instructions that must be taken into Account by Companies when publishing their Announcements. The company’s announcement published on the Saudi stock Exchange (Tadawul)’s website on 31/03/2014 which is related to signing an Indefeasible Rights of Use Agreement with Bayanat al-Oula for Network services one of the subsidiaries of Etihad Etisalat (Mobily) did not include the duration and the value of the granted right to use . It also violated clause (B) of Article (46) of the Capital Market Law and clause (A) of Article (34) of the Listing Rules. The company failed to provide CMA with the requested information related to the duration and value of the granted right of use with one of the subsidiary companies of Etihad Etisalat (Mobily). The company also violated sub-clause (2), (6) and (7) of clause (A) of the General Instructions that must be taken into Account by Companies when publishing their Announcements. The company’s announcement published on the Saudi stock Exchange (Tadawul)’s website on 05/06/2014 which is related to signing an Indefeasible Rights of Use Agreement with the Saudi Telecom Company (STC) on the value of the granted right of use.