Title: Announcement regarding issuance of Disciplinary Board Resolution No. (04/2023) Disciplinary Board - (192/2022) Authority and imposition of a fine against Kuwait Real Estate Holding (ALAQARIA) (K.S.H.) For violating the Listing Rules

Announcement regarding issuance of Disciplinary Board Resolution No. (04/2023) Disciplinary Board - (192/2022) Authority and imposition of a fine against: 
Kuwait Real Estate Holding (ALAQARIA) (K.S.H.) 
For violating the Listing Rules 

For the following reasons:
The Company violated Item 1 of Article (1-16-1) of Module Twelve (Listing Rules) of the Executive Bylaws. The Company failed to provide Boursa Kuwait Securities Company and the CMA with its periodical financial statements within the legally specified period of 45 days.

The Resolution included the infliction of the following penalty: -
"Levying a fine against Kuwait Real Estate Holding (ALAQARIA) in an amount of KWD 3000 (three thousand Dinars) for the attributed violation.”

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.