The Kuwait Capital Markets Authority published a Disciplinary Board resolution imposing a KD 10,000 financial penalty on Warba Capital Holding Company for breaching disclosure and transparency requirements. The case relates to the company’s disclosure to Boursa Kuwait Securities on 31 December 2025 calling a board meeting for 7 January 2026, where the board discussed a capital increase that had not been included in the disclosed agenda, even though the authority treated that item as material information. The authority cited Article 4-1-1 and Appendix 9 of Module Ten of the Executive Bylaws of Law No. 7 of 2010 and its amendments. Under the resolution, Warba Capital Holding Company should have disclosed in advance that the board would consider increasing the company’s capital.
Kuwait Capital Markets Authority 2026-04-13
Kuwait Capital Markets Authority fines Warba Capital Holding Company KD 10000 for failing to disclose board agenda item on capital increase
The Kuwait Capital Markets Authority’s Disciplinary Board fined Warba Capital Holding Company KD 10,000 for breaching disclosure and transparency requirements. The authority found that the company failed to disclose in advance that its board meeting on 7 January 2026 would consider a capital increase, contrary to Article 4-1-1 and Appendix 9 of Module Ten of the Executive Bylaws of Law No. 7 of 2010 and its amendments.