​The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty of SR 40,000 (Forty Thousand Saudi Riyals) on  Saudi Transport and Investment Company (mubarrad) due to its violation of clause (B) of Article (40) of the Listing Rules and sub-clause (5) of clause (B) of provision number (2) from the Instructions Related to Companies’ Announcements of Administrative Changes. The company was late to inform the public in a timely manner about the resignation of three members of its Board of directors and about the exemption of  the Executive Board Member and appointing a new one to the company in addition to the appointment of three new board members. The company did not even mention a summarized biography of the Board of Directors members.