The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty of SR 80,000 (eighty Thousand Saudi Riyals) on Bank Aljazira due to its violation of clause (B) of Article (40) of the Listing Rules. The Bank was late in informing the public about its board of Directors’ approval on the resignation of the board member Mr. Mohammad Abdullah Alhagbani on 01/01/2014. It was later announced on 02/01/2014 at 09:59:52.
