The Kuwait Capital Markets Authority issued a Disciplinary Board resolution imposing a KD 10,000 financial penalty on Arabi Group Holding Company for violating the Listing Rules by not providing interim financial statements to the CMA. The breach relates to Item (1) of Article (1-16-1) of Module Twelve (Listing Rules) of the Executive Bylaws of Law No. 7 of 2010, as amended. The company did not submit its interim financial statements for the period ending 31 March 2025 within the legal deadline of 15 May 2025, and the CMA noted that the statements had still not been provided at the time of the decision.
Kuwait Capital Markets Authority 2025-09-15
Kuwait Capital Markets Authority fines Arabi Group Holding Company KD 10,000 for failing to submit interim financial statements
The Kuwait Capital Markets Authority imposed a KD 10,000 penalty on Arabi Group Holding Company for failing to submit interim financial statements as required by the Listing Rules. The breach pertains to Item (1) of Article (1-16-1) of Module Twelve of the Executive Bylaws of Law No. 7 of 2010. The company missed the submission deadline for the period ending 31 March 2025, and the statements remained outstanding at the time of the decision.