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 Saudi Industrial Services Co. (SISCO) due to it’s violation of clause (E) of Article (12) of the Corporate Governance Regulations. The company did not comply with the specified number of the independant members in forming its Board of directors mentioned in the Board of Directors report attached with the annual financial statements for the fiscal year ending on 31/12/2011.