Title:
Capital Markets Authority Announces Reporting Suspected Crime to the Capital Markets Prosecution
Date Publish20 July 2017
Kuwait on: July 20, 2017
The Capital Markets Authority announces reporting to the Capital Markets Prosecution on 19/07/2017 suspected occurrence of the crime provided for in Articles (118) and (119) of Law No. (7) of 2010 and its amendments. A trader in Boursa Kuwait conducted extensive sale transactions on the shares of Sultan Center Food Products Co. – SULTAN from 16/03/2017 until 22/03/2017, based on inside information about the same share, which he obtained from an insider before disclosing it to the traders on 29/03/2017.
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