The Kuwait Capital Markets Authority has enforced the delisting of Arabi Group Holding Company (K.S.C.P.) from Boursa Kuwait, implementing a prior decision to cancel the listing after the company failed to meet required remediation steps by the specified deadline. Resolution No. 185 of 2025 (issued 15/10/2025) provided for delisting unless the company addressed the reasons for the trading suspension by submitting its financial data for the year ended 31/12/2024 and subsequent financial statements, and by resolving external auditor reservations in the financial statements for the period ended 30/09/2024. The reservations referenced inventory, contract receivables, and a reserved guarantee within commercial receivables and other receivable balances, and the company was required to provide the CMA with a comprehensive weekly progress report. The CMA said the company did not submit financial statements for the periods ended 31/12/2024, 31/03/2025, 30/06/2025 and 30/09/2025 in a manner that fairly and correctly recorded balances and reflected the financial impact of addressing the auditor’s reservations. Under the Listing Rules, the company’s board must convene a general assembly within three months of the delisting decision to consider the delisting, the company’s situation and the board’s forward plan, with potential disciplinary proceedings for board members if the meeting is not held. Minutes of the approved general assembly must be provided to the CMA and the stock exchange within two weeks, and the company must be listed for continuous trading as an unlisted security within five working days from the effective date of the cancellation decision.

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