AlTijari Brokerage Company Shall notify its clients of the instructions issued by the regulatory authorities and remind them of their full commitment to protect them from the penalties that my arise as a result of non-compliance.

In reference to the executive bylaw model 14 (Market Conduct) of the executive bylaw no. 7 of 2010 and its amendments regarding the establishment of the Capital Markets Authority and regulation securities activities, article No. (3 - 1) : A punishable by imprisonment of a term of not more than five years and fine of not less than ten thousand Dinars and not more than one hundred thousand Dinars, or by either of these two penalties, shall be incurred by any person who is proved to have intentionally committed one of the following acts :

1. Behaves in a way that creates a false impression or misleads people concerning the actual trading in a Security or a Securities Exchange through:

a. Entering into a deal in a manner that is not conducive to real change in the Security’s ownership;

b. Entering a purchase or sale order for a Security with the knowledge that a similar order in terms of size, price, time of sale or purchase for the same

Security has been or will be issued by the same Person or by Persons who act in  greement with that Person.

2. Whoever concludes one or more deals concerning a Security, that would lead to:

a. An increase in the price of the Security of the same Issuer for the purpose of  ncouraging others to purchase it.

b. A reduction in the price of the Security of the same Issuer for the purpose of encouraging others to sell it.

c. Creating actual or fictitious trading for the purpose of encouraging others to purchase or sell.

AlTijari Brokerage Company Shall notify its clients of the instructions issued by the regulatory authorities and remind them of their full commitment to protect them from the penalties that my arise as a result of non-compliance.

In reference to executive bylaw model 14 (Market Conduct) of the executive bylaw no. 7 of 2010 and its amendments regarding the establishment of the Capital Markets Authority and regulation securities activities, article No. (3 - 2) : The crime set forth in Article (122), paragraph (1/A) of the Law shall be committed, if a Person acts in false or misleading manner in regards with actual trading of a listed Security or of the Securities exchange through entering into a transaction in a manner which does not result in an actual change to the ownership of such Security, in the following cases:

1. Purchasing or selling a listed Security in the accounts of the same Person.

2. Purchasing or selling a listed Security amongst direct or indirect accounts of such Person through Investment Portfolios incorporated for a Licensed Person and managed by the Client or amongst accounts of such portfolios.

3. Purchasing or selling a listed Security amongst direct or indirect accounts of such Person through the Subsidiaries thereof or amongst the accounts of such subsidiaries.

AlTijari Brokerage Company Shall notify its clients of the instructions issued by the regulatory authorities and remind them of their full commitment to protect them from the penalties that my arise as a result of non-compliance.

In reference to executive bylaw model 14 (Market Conduct) of the executive bylaw no. 7 of 2010 and its amendments regarding the establishment of the Capital Markets Authority and regulation securities activities, article No. (3 - 3) : The crime set forth in Article (122), paragraph (2/c) of the Law will be committed in the following cases:

1. Concluding transactions on a listed Security, in order to give false impression about the activity or price of such Security, in cases other than those in which the Market Maker exercises its activities in accordance with the rules governing its activity.

2. Concluding transactions on a listed Security, in order to affect the closing price of the same listed Security and mislead traders.

3. Concluding transactions by a Person or amongst Persons working in collusion with each other, in order to affect a listed Security, which have the effect of fixing purchase or sale prices at a certain level or creating other unfair trading conditions.

4. A Person has a significant influence over the supply of, or demand for, a listed Security acting through selling or purchasing for the purpose of positioning at a distorted level the price at which other Persons have to deliver their security.

5. A Person or more Persons in collusion with each other concluding transactions on a listed Security or more, in order to manipulate with the market index or with the price of another relevant listed Security.

6.  If the same  Person  concludes  transactions in a frequent  and  contradictory  manner, and at convergent times, and constitutes a significant percentage of the trading of a listed Security, especially if this is associated with a noticeable market change on the price of such Security, excluding the Market Maker who carries out its activity in accordance with rules governing its activity.