The Capital Market Authority announces the issuance of a CMA Board resolution to impose a fine of SR 10,000 (Ten Thousand Saudi Riyals) on Samba Financial Group due to its violation of clause (C) of Article (10) of the Corporate Governance Regulations. The company failed to draft its own Corporate Governance Code and approve it by the Board of directors before 30/06/2013 according to what was stated in the Board resolution number (3- 40- 2012) and dated 30/12/2012. .
