The Kuwait Capital Markets Authority submitted a report to the Attorney General alleging the commission of an offence under Item (2) of Article 127 of Law No. 7 of 2010, after a company previously listed on Boursa Kuwait and two other parties failed to comply with a final Disciplinary Board decision requiring payment of a fine. The referral relates to non-implementation of the fine set out in Decision No. (33/2023 Disciplinary Board 51, 135/2022 Authority). The parties were deemed to have been validly notified of the decision on 19 May 2025, 27 May 2025 and 28 May 2025, but remained non-compliant at the time the report was filed.
Kuwait Capital Markets Authority 2025-10-16
Kuwait Capital Markets Authority submits report to the Attorney General over failure to pay Disciplinary Board fine
The Kuwait Capital Markets Authority has referred a case to the Attorney General, alleging a violation of Article 127 of Law No. 7 of 2010 by a company formerly listed on Boursa Kuwait and two other parties. The referral concerns their failure to comply with a Disciplinary Board decision mandating a fine payment. Despite valid notifications in May 2025, the parties have not adhered to the decision.