The Kuwait Capital Markets Authority announced a Disciplinary Board resolution imposing a financial penalty on KFIC Investment Company for violating disclosure and transparency requirements related to maintaining and updating insider information. The breach concerned Item (2) of Article (3-5-1) of Module Ten (Disclosure and Transparency) of the Executive Bylaws of Law No. 7 of 2010 and its amendments, after the Authority found that KFIC did not update the data of certain insiders within the legally specified period. The penalty imposed was KD 10,000.
Kuwait Capital Markets Authority 2026-03-05
Kuwait Capital Markets Authority fines KFIC Investment Company KD 10,000 for breaching disclosure and transparency rules on insider data updates
The Kuwait Capital Markets Authority's Disciplinary Board has fined KFIC Investment Company KD 10,000 for failing to update insider information as required under Item (2) of Article (3-5-1) of Module Ten of the Executive Bylaws of Law No. 7 of 2010. The violation pertained to disclosure and transparency requirements.