CMA LAW: Press Release: Delisting of the Shares of Arabi Group Holding Company from Boursa Kuwait Securities Exchange

Kuwait, October 15, 2025 – 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 their amendments, the CMA Board of Commissioners, in its meeting   No. (35) of 2025 held on 15/10/2025, issued the following resolution:

The shares of Arabi Group Holding Company (K.S.C.P) are hereby delisted from Boursa Kuwait Securities Exchange pursuant to Item (3) 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, unless the Company addresses the reasons for suspension through submitting its financial statements for the financial year that ended on 31/12/2024 and the subsequent financial statements, and any other reasons that may arise, while taking the necessary procedures for addressing the reservations of the external auditor stated in his report on the financial statements for the period that ended on 30/09/2024, particularly the reservations regarding the accounts of “physical Inventory”, the “Contract receivables ", and the account of "Retentions" within the account of "trade receivables and other debit balances", provided that they shall be addressed in a form that ensures fair and sound representation of the financial statements balances that reflect the financial impact of addressing the qualifications.

This shall be met no later than 16/11/2025, and the mentioned Company shall provide the CMA with a comprehensive and detailed weekly report on the measures and amendments taken by the Company to address the reasons for the suspension.”

In conclusion, the CMA emphasizes on continuing its supervisory role in protecting investors, fostering a capital market rooted in fairness, competitiveness, and transparency, mitigating foreseeable systemic risks in securities activities, and ensuring compliance with the applicable laws and regulations 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