​Capital Market Authority (CMA) announces the issuance of a CMA’s Board resolution to Impose a fine of (120,000) One Hundred and Twenty Thousand Saudi Riyals on Etihad Atheeb Telecommunication Co., due to its violation of paragraph (a) of Article (61), and paragraph (10) of Article (62) of the Rules on the Offer of Securities and Continuing Obligations Amended by the CMA's Board Resolution Number (5-5-2022) Dated 02/06/1443H, Corresponding to 05/01/2022G, and paragraph (a) of Article (79), and paragraph (10) of Article (80) of the Rules on the Offer of Securities and Continuing Obligations Amended by the CMA's Board Resolution Number (1-94-2022) Dated 24/01/1444H, Corresponding to 22/08/2022G. Where the Company fails to oblige to the following:

• Disclose to the CMA and the public without delay of the awarding of six contracts on 22/06/2022G, 23/06/2022G, 30/06/2022G, and 27/10/2022G.

•  Disclose to the CMA and the public, immediately and without delay of the entering into six contracts with revenues equal to or greater than (5%) of the gross revenues of the Company in accordance with the audited financial statements for the year ended 31/03/2022G, On 22/06/2022G, 23/06/2022G, 27/06/2022G, 27/07/2022G and 03/11/2022G.

 As the company did not disclose that on the Saudi Exchange (Tadawul) Company's website until 27/10/2022G, 03/11/2022G and 06/11/2022G.