The Kuwait Capital Markets Authority issued a Disciplinary Board decision imposing a KWD 2,000 fine on Health Assurance Hospitals Company for breaching the Listing Rules related to periodic reporting obligations. The breach concerns Article (2-1-1) of Module Twelve (Listing Rules) of the Executive Bylaws to Law No. 7 of 2010 and non-compliance with CMA Resolution B.C.A. 17-38 of 2018. The company failed to provide the required semi-annual report on the latest developments in its procedural and financial position for more than six months after its last submission on 26/09/2023, and the last report provided did not include the required information in a sufficiently detailed and clear manner.
Kuwait Capital Markets Authority 2025-01-13
Kuwait Capital Markets Authority fines Health Assurance Hospitals Company KWD 2,000 for listing disclosure breach
The Kuwait Capital Markets Authority fined Health Assurance Hospitals Company KWD 2,000 for breaching Listing Rules on periodic reporting obligations. The company failed to submit a detailed semi-annual report on its procedural and financial position for over six months, violating Article (2-1-1) of Module Twelve of the Executive Bylaws and CMA Resolution B.C.A. 17-38 of 2018.