CMA LAW:
Announcement Regarding the Issuance of a Disciplinary Board Resolution
Date Publish23 October 2014
The Capital Markets Authority announces the issuance of a Disciplinary Board Resolution on Thursday 23/10/2014 under violation No. (18 and 34/2014) Disciplinary Board.
Filed against: K. G. L Investment Company.
The Board Resolved the Following:
First: Subjecting the defendant company for more supervision for one year, and ordering the Board to cancel Kuwait Ports Authority's marketing for the subscription and the investment of an amount of 35 Million Dollars (Thirty Five Million Dollars) in the Ports' investment fund, if possible, and taking into consideration the third parties who are in good faith according to the controls set forth by the Authority.
Second: Notifying the concerned parties with this Resolution.
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