The Capital Market Authority announces the issuance of a CMA Board resolution to impose a fine of (50,000) Fifty thousand Saudi Riyals on Alinma Tokio Marine Co. due to its violation of paragraph (V) of Article (213) of the Companies Lawby not obtaining a prior permission from the Ordinary General Assembly,"renewable every year", regarding the Funds Risk Insurance Agreement with Alinma Bank (A Related Party) on 28/08/2016, in which a number of its Board of Directors members have an indirect interest .
