Title: Press Release: Resuming the Trading of Bayan Investment Holding Company's Shares at Boursa Kuwait Securities Exchange

Kuwait – March 9, 2023, Within the framework of the Capital Markets Authority’s (CMA) continuous endeavor to protect investors against exposing the security to any practices that may violate the provisions of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws, and their amendments, and in an emphasis on its compliance with the provisions of the mentioned Law and its Executive Bylaws, the CMA Board of Commissioners Resolution passed in its meeting No. (06) of 2023 held on 08/03/2023, states the following:

First: The trading of Bayan Investment Holding Company’s shares shall be resumed at Boursa Kuwait Securities Exchange as of Sunday 12/03/2023. The Company has met the requirements stipulated in Resolution No. (140) of 2022 issued on 01/09/2022, unless there are other reasons that require the extension of suspending the trading of the Company's Shares.

Second: The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force as of Sunday 12/03/2023, and it shall be published in the Official Gazette. 

In conclusion, the CMA emphasizes on continuing its supervisory role in protecting investors, which shall create a financial market characterized by fairness, competitiveness, and transparency as well as reducing the systemic risks expected to occur in the securities activities and ensuring compliance with the Laws and Bylaws related to securities activities.

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Notes to Editors:
The Capital Markets Authority was established pursuant to Law No. 7/2010, approved by the Kuwaiti Parliament in February 2010. Pursuant to the Law, the CMA shall regulate and supervise the securities activities, achieve transparency and fairness, observe listed companies’ execution of Corporate Governance regulations, and protect investors from unfair practices which violate the CMA's Law.
Furthermore, the Law's provisions stipulate the supervision of mergers, acquisitions, and disclosure operations. The CMA also aims to provide awareness programs related to securities activities.
For further information, please contact:
Public Relations & Media Office
Tel: 22903062
Fax: 22903505
Email: pr-media@cma.gov.kw