The Capital Market Authority announces the issuance of a CMA Board resolution numbered (6-36-2011) and dated 16/11/1433H corresponding to 11/12/2011 to impose a penalty of SR 50.000 ( Fifty Thousand Saudi Riyals) on Banque Saudi Fransi due to its violation of clause (E) of Article 12 of the Corporate Governance Regulations. The bank did not comply with the specified number of the independant members of its Board of directors.
