The Kuwait Capital Markets Authority submitted a report to the Attorney General alleging the commission of an offence under Item (2) of Article 127 of Law No. 7 of 2010, after a company previously listed on Boursa Kuwait and two other parties failed to comply with a final Disciplinary Board decision requiring payment of a fine. The referral relates to non-implementation of the fine set out in Decision No. (33/2023 Disciplinary Board 51, 135/2022 Authority). The parties were deemed to have been validly notified of the decision on 19 May 2025, 27 May 2025 and 28 May 2025, but remained non-compliant at the time the report was filed.
Kuwait Capital Markets Authority submits report to the Attorney General over failure to pay Disciplinary Board fine
The Kuwait Capital Markets Authority has referred a case to the Attorney General, alleging a violation of Article 127 of Law No. 7 of 2010 by a company formerly listed on Boursa Kuwait and two other parties. The referral concerns their failure to comply with a Disciplinary Board decision mandating a fine payment. Despite valid notifications in May 2025, the parties have not adhered to the decision.