The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty of SR 75,000 ( Seventy Five Thousand Saudi Riyals) on Al-Rajhi Company for Cooperative Insurance due to its violation of clause (A) of Article (46) of the Capital Market Law and Article (25) of the Listing Rules. The company failed to inform CMA or the public, during the specified period, about the ending of Al-Rajhi Bank’s representative term in the Board of Directors on 11/3/2012.