CMA LAW: Announcement regarding issuance of Disciplinary Board Resolution No. (26/2026 Disciplinary Board) (43/2026 Authority) and imposition of a fine against: SOOR Fuel Marketing Company for violating the Rules of Disclosure and Transparency

Announcement regarding issuance of Disciplinary Board Resolution No. (26/2026 Disciplinary Board) (43/2026 Authority) and imposition of a fine against: SOOR Fuel Marketing Company for violating the Rules of Disclosure and Transparency.

For the following reasons:
First: Violation of the provision of Article (4-2-1) of Module Ten (Disclosure and Transparency) of the Executive Bylaws of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and their amendments. The Company was late to disclose material information.

Second: Violation of the provision of Article (4-7-2) of the same Module:
The Company has disclosed some material information on its website before publishing such disclosures on the Exchange’s website.

The Resolution included the infliction of the following penalty: -
“Levying a fine on SOOR Fuel Marketing Company in an amount of KWD 5,000 (five thousand Dinars) for the two attributed violations.”

In this regard, the CMA emphasizes the implementation of CMA Law and its Executive Bylaws on all persons dealing in securities activities, and urges them to comply with these Laws in order to promote investors' confidence, create a sound investment environment, and implement the Law according to the principles of fairness, transparency, and integrity in line with the best international practice.
 

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