The Kuwait Capital Markets Authority announced the issuance of Disciplinary Board Resolution No. 87/2024 in Complaint No. 17/2024, imposing a financial penalty on Arzan Financial Group Company for violating rules governing dealing in securities. The decision found breaches of Articles 5-1 and 5-12 of Chapter Five of Module Eleven (Dealing in Securities) of the Executive Bylaws to Law No. 7 of 2010, as amended, and imposed a fine of KWD 10,000.
Kuwait Capital Markets Authority 2025-08-28
Kuwait Capital Markets Authority Disciplinary Board fines Arzan Financial Group KWD 10,000 for securities dealing rule breaches
The Kuwait Capital Markets Authority issued Disciplinary Board Resolution No. 87/2024, imposing a KWD 10,000 fine on Arzan Financial Group Company for breaches of Articles 5-1 and 5-12 of Chapter Five of Module Eleven of the Executive Bylaws to Law No. 7 of 2010. The violations pertain to rules governing dealing in securities.