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CMA LAW: Press Release: Delisting of the Shares of Jiyad Holding Company from Boursa Kuwait Securities Exchange
Date Publish
27 April 2025
Kuwait, August 4, 2024 – In line with the Capital Markets Authority’s (CMA) continuous efforts to provide protection to investors, and in affirmation to its commitment to enforcing 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 amendments thereto, and pursuant to implementing the provisions of the mentioned Law and Bylaws, the CMA Board of Commissioners issued Resolution No. (10) of 2025 on 23/04/2025, stipulating the following:
“The shares of Jiyad Holding Company from Boursa Kuwait Securities Exchange are hereby delisted pursuant to Item (7) and Item (8) of Article (2-4-1) of Module Twelve (Listing Rules) 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, due to the Jiyad Holding Company’s failure to implement several provisions of articles of the Executive Bylaws of Law No.7 of 2010 and its amendments, specifically articles of Module Fifteen (Corporate Governance), and Articles of Module Twelve (Listing Rules).”
The CMA emphasizes on continuing its supervisory role in protecting investors, aiming to create a financial market characterized by fairness, competitiveness, and transparency, while reducing the systemic risks in securities activities, and ensuring compliance with the Laws and Bylaws related to securities activities.
Ends-
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: 1888898
Email: pr-media@cma.gov.kw
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