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The Committee for Resolution of Securities Disputes (CRSD) announces the issuance of its decision No. (1013/L/D1/2012 G. for 1433 H.), dated 15/7/1433 H., corresponding to 5/6/2012 G., in the lawsuit of violating of the Capital Market Law and its implementing regulations by committing acts and performing practices formed as a whole a clear violation of Article (49) of the Capital Market Law. CRSD decision ruling provided the following:

First: Ruling in absentia after proving that the accused person (Abdullah bin Fahad bin Abdullah Alsa'eed), holding national identification number (1018462893) had violated Article (49) of the Capital Market Law, as well as Articles (2) and (3) from the Market Conduct Regulations, hence the following penalties shall be imposed:

1. Obliging him to pay back the gains he achieved as a result of this violation to the account of CMA, which amounts to (SR. 7,093) seven thousand and ninety three Saudi Riyals.

2. Imposing a fine on him amounting to (SR. 100,000) one hundred thousand Saudi Riyals for such violations.

3. Prohibiting him from trading in shares of listed companies in the Exchange as for purchase for one year starting from the date of this decision being final.

4. Prohibiting him from practicing brokerage businesses, portfolio management and working as an investment adviser for one year starting from the date of this decision being final.

5. Prohibiting him from working in companies, shares of which are traded in the Exchange, for one year starting from the date of this decision being final.

Second: Other claims are rejected.

Since it was not possible to locate the addresses of this person, it was decided to notify him on this decision which was issued against him by publishing such a decision in the Official Gazette. This individual may object to the decision within thirty days from the date of publication of this Announcement. If no objection during this period was filed, the decision shall become final.

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