The Kuwait Capital Markets Authority has announced the cancellation of the listing of Kuwait and Gulf Transport Association Company on Boursa Kuwait. The delisting follows the company’s failure to meet requirements set under a December 2025 trading suspension decision, including providing specified supporting documents and weekly reports, which the authority said prevented completion of its review of the company’s financial statements for the year ended 31 December 2024 and subsequent periods. Trading in the company’s shares had been suspended from 31 December 2025 after the company failed to provide documents requested within the authority’s supervisory remit. These included settlement agreements relating to the assignment of part of an investment in associate company KGL Logistics Company, as referenced in note 7 of the 2024 financial statements, and lease contracts for right of use assets referenced in note 6. The documents were required by 1 February 2026. During the period in which the authority was considering whether the listing should continue, the company also did not submit the weekly progress reports required under the suspension decision. The authority added that the annual financial statements continued to carry material auditor reservations on the same items without material improvement or remediation. Under the listing rules cited by the authority, the company’s board must convene a general assembly within three months of the delisting decision to consider the delisting, the company’s status, and the board’s plan to address the situation. A copy of the approved meeting minutes must be provided to the authority and the stock exchange within two weeks of the meeting. The release also states that Kuwaiti joint stock companies whose shares are delisted must be listed on the unlisted securities market through continuous trading within five working days from the effective date of the delisting decision.

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