The CMA announces issuance of CMA Board regarding imposing a penalty of SR (50.000) on the National Gypsum Company for violation of clause (a) of Article Nine of the Corporate Governance Regulations.  No mentioning is made in it’s Board of Directors ,report attached with the company’s financial statements for the fiscal year ending on 31/12/2011,  as to the governance rules that are not applied by the company and the reasons for not applying sub-clause (1) of clause (b), (c) and (d) of  Article Ten and clause (e) of Article Twelve of the Corporate Governance Regulations.