The Kuwait Capital Markets Authority has submitted a report to the Attorney General regarding an alleged crime under Item (2) of Article (127) of Law No. 7 of 2010 after former and current board members of a company previously listed on Boursa Kuwait failed to comply with a final Disciplinary Board decision requiring payment of a fine. The referral relates to continued non-compliance up to the time the report was filed with a final decision issued under Resolution No. (83/2024 Disciplinary Board – 114/2021 Authority). The CMA indicated that the decision had been validly served as a legal notification on 27 and 28 May 2025.
Kuwait Capital Markets Authority 2025-07-06
Kuwait Capital Markets Authority submits criminal report to Attorney General over unpaid disciplinary fine by board members of a formerly listed company
The Kuwait Capital Markets Authority has referred a case to the Attorney General concerning non-compliance with a Disciplinary Board decision by former and current board members of a company previously listed on Boursa Kuwait. The decision, requiring payment of a fine, was validly served in May 2025 under Resolution No. (83/2024 Disciplinary Board – 114/2021 Authority).