The Capital Market Authority announces the issuance of a CMA Board resolution to impose a fine of 30,000 Thirty Thousand Riyals on Al Jouf Cement Company due to its violation of paragraph (A) of Article (14) of the Corporate Governance Regulations, as it failed set up an audit committee its members are not less than three excluding executive board members, the company did not appoint a replacement member from 14/07/2015 until 21/04/2016.
