The Kuwait Capital Markets Authority (CMA) has issued a board resolution to delist the shares of Arabi Group Holding Company (K.S.C.C.) from Boursa Kuwait unless the company resolves the causes of its trading suspension by 16 November 2025. To avoid delisting, the company must submit its financial statements for the year ended 31 December 2024 and other financial statements, and address the external auditor’s reservations in the report on the financial statements for the period ended 30 September 2024. The CMA highlighted reservations relating to inventory, receivables, reserved collateral within receivables, and other receivable balances, requiring adjustments that ensure the financial statement balances are recorded fairly and correctly and reflect the financial impact of resolving those reservations. The company must also provide the CMA with a comprehensive weekly report detailing procedures and amendments undertaken to address the suspension reasons. The remediation must be completed by 16 November 2025 for the delisting to be avoided.
Kuwait Capital Markets Authority 2025-10-15
Kuwait Capital Markets Authority moves to delist Arabi Group Holding Company from Boursa Kuwait unless it remedies trading suspension issues by 16 November 2025
The Kuwait Capital Markets Authority has resolved to delist Arabi Group Holding Company from Boursa Kuwait unless it addresses the causes of its trading suspension by 16 November 2025. The company must submit its financial statements, resolve auditor reservations on inventory and receivables, and provide weekly updates to the CMA.