The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty of SR 10,000 (Ten Thousand Saudi Riyals) on Saudi Hollandi Bank Buruj Cooperative Insurance Company, Saudi Enaya Cooperative Insurance Company, Nama Chemicals Co., Amana Cooperative Insurance Co, Mobile Telecommunications Company Saudi Arabia ( ZAIN KSA), Methanol Chemicals Company (CHEMANOL), Saudi Transport and Investment Company (mubarrad), Mouwasat Medical Services Company, Tihama Advertising & Public Relations Co. , National Gypsum Company, Saudi Fisheries Co. ,  Saudi Vitrified Clay Pipes Co.,  Banque Saudi Fransi, Southern Province Cement Co., Saudi Airlines Catering Company, Alinma Tokio Marine Co, Saudi Hotels & Resort Areas Co. (SHARِACO), Saudi Real Estate Co., The Saudi British Bank (SABB), Gulf General Cooperative Insurance Company, Anaam International Holding Group CO., Saudi Arabia Fertilizers Co. ( SAFCO), Sahara Petrochemical Co., Saudi Kayan Petrochemical Company, Saudi Basic Industries Corp (SABIC) due to their violation of clause (D) of Article (10) of the Corporate Governance Regulations. All of them did not lay down specific and explicit policies, standards and procedures, for the membership of the Board of Directors and implementing them after they have been approved by the General Assembly.