​The Capital Market Authority announces the issuance of a CMA Board resolution to impose a fine of )50,000) Fifty Thousand Saudi Riyals on Bank AlJazira due to its violation of paragraph (V) of Article (213) of the Companies Law by not obtaining a prior permission from the Ordinary General Assembly,"renewable every year", concerning renewing the collective insurance agreement of its personal finance portfolio with Aljazira Takaful Ta'awuni company (A Related Party) on 08/08/2016, in which a member of the Board of Directors has an indirect interest as the board chairman of Aljazira Takaful Ta'awuni company.