The Kuwait Capital Markets Authority has submitted a report to the Attorney General in connection with an alleged offence under item (2) of Article 127 of Law No. 7 of 2010 on the establishment of the Capital Markets Authority and regulation of securities activities, citing non-compliance by a company previously listed on Boursa Kuwait. The referral relates to the company’s failure to implement a final Disciplinary Board decision requiring payment of a fine under Disciplinary Board Resolution No. 78/2024 and Authority Resolution No. 89/2024. The authority stated that the company was validly notified of the decision on 16 April 2025 but had still not complied at the time the report was submitted.
Kuwait Capital Markets Authority 2025-07-10
Kuwait Capital Markets Authority submits report to Attorney General over former Boursa Kuwait listed company’s failure to pay disciplinary fine
The Kuwait Capital Markets Authority has referred a case to the Attorney General concerning a company's non-compliance with a Disciplinary Board decision under Article 127 of Law No. 7 of 2010. The company, previously listed on Boursa Kuwait, failed to pay a fine as required by Disciplinary Board Resolution No. 78/2024 and Authority Resolution No. 89/2024, despite being notified on 16 April 2025.