The Kuwait Capital Markets Authority announced that it submitted a report to the Attorney General regarding suspected crimes linked to trading in the shares of Real Estate Trade Centers Company (Markaz). The reported conduct relates to alleged illegal transactions and the dissemination of rumours and misleading statements that increased trading momentum and materially boosted the stock’s value, enabling illicit gains. According to the authority, the activity occurred between 4 March 2025 and 24 July 2025 and involved executing deals with prior and repeated coordination, drawing the public to trade in the stock and buy at artificial prices. The referral cites suspected offences under Articles 63, 122 and 124 of Law No. 7 of 2010 (as amended) establishing the Capital Markets Authority and regulating securities activities, Article 21 of Law No. 3 of 2006 on publications, and Article 6 of Law No. 63 of 2015 combating information technology crimes.
Kuwait Capital Markets Authority 2025-09-03
Kuwait Capital Markets Authority submits report to Attorney General over suspected manipulation of Markaz shares
The Kuwait Capital Markets Authority has referred a report to the Attorney General about suspected illegal trading in Real Estate Trade Centers Company (Markaz) shares. The alleged offences, from March to July 2025, involve coordinated transactions and misleading information to inflate stock value. The referral cites violations of the Capital Markets Authority Law, publications law, and information technology crimes law.