The Kuwait Capital Markets Authority published a Disciplinary Board resolution imposing a financial penalty on Real Estate Trading Centers Company for breaching disclosure and transparency requirements, after it used promotional phrases and forward-looking expectations that were not based on an objective basis in a market disclosure. The breach relates to Clauses (4) and (5) of Article (4-6-3) of Module Ten (Disclosure and Transparency) of the Executive Bylaws of Law No. 7 of 2010 and its amendments. The Authority found that, in a disclosure to Boursa Kuwait Securities dated 9 July 2025 on the outcome of a board meeting considering a proposed partnership agreement, the company included statements such as brand strength increasing property values by 60% and project income by at least 50%, alongside claims about attracting foreign tenants and obtaining easy financing terms. The penalty imposed was KD 5,000.
Kuwait Capital Markets Authority 2025-11-10
Kuwait Capital Markets Authority imposes KD 5,000 penalty on Real Estate Trading Centers Company for disclosure and transparency breach
The Kuwait Capital Markets Authority imposed a KD 5,000 penalty on Real Estate Trading Centers Company for breaching disclosure and transparency requirements. The company used promotional phrases and forward-looking expectations without an objective basis in a market disclosure to Boursa Kuwait Securities. The breach involved Clauses (4) and (5) of Article (4-6-3) of Module Ten of the Executive Bylaws of Law No. 7 of 2010.