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Title: The Capital Markets Authority Announces Reporting the Occurrence of a Crime to the Attorney General
Date Publish
13 July 2025
The Capital Markets Authority announces filing a report with the Prosecutor General on 10/07/2025 regarding the occurrence of the crime stipulated in Article (118) of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, and amendments thereto. The defendant (Investment Portfolio Manager – Managed by Client in a company licensed by the Capital Markets Authority), during the period from 1/10/2024 to 4/3/2025, purchased and sold shares of the following listed companies:
- Oula Local Fuel Marketing Company.
- Kuwait Business town Real Estate Company.
- SOOR Fuel Marketing Company.
Based on insider information available to him through his private trading account, it was revealed that he exploited his access to insider information related to the clients of the company he works for, represented by his received clients’ written orders, and execution of trades for his own benefit and achieving of illegal profits from these trades.”
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