CMA LAW: Announcement Regarding the Issuance of a Disciplinary Board Resolution

The Capital Markets Authority announces the issuance of a Disciplinary Board Resolution on Thursday 23/10/2014 under violation No. (29/2014) Disciplinary Board.

Filed against: Kuwait Remal Real Estate Company.

The Board Resolved the Following:

First: Suspending the Chief Executive Officer of the defendant company for four months for violating the regulations of disclosing material information, and considering the implications.

Second:  Notifying the concerned parties with this Resolution.

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