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.
2025-08-28Kuwait Capital Markets Authority
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.