The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty of SR 50,000 ( Fifty Thousand Saudi Riyals) on  Jabal Omar Development Company  due to its violation of clause (D) of Article (9) of the Corporate Governance Regulations. The Board of Directors’ report, attached with the annual financial statements for the fiscal year ending on 29/12/1432H, did not include the aggregate of the meetings held by the Audit Committee and the Nomination and Remuneration Committee. It also did not include the names of the members and chairman of each one of the Audit Committee and the Nomination and Remuneration Committee.