Title: Press Release: Not Canceling the Listing of Mena Real Estate Company 's Shares and Resume its Trading at Boursa Kuwait Securities Exchange

Kuwait, February 01, 2024 – Within the framework of the Capital Markets Authority’s (CMA) continuous endeavor to protect investors against exposing the security to any practices that may violate 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, and in an emphasis on its compliance with the provisions of the mentioned Law and its Executive Bylaws, the CMA Board of Commissioners Resolution passed in its meeting No. (03) of 2024 held on 31/01/2024 was issued stipulating the following:

First: The listing of Mena Real Estate Company’s Shares is hereby not cancelled from Boursa Kuwait Securities Exchange and the trading of the shares shall be resumed according to the provisions of Article (4-16-1) of Module Twelve (Listing Rules) of the Executive Bylaws of the Capital Markets Authority, and the Company’s fulfilment of the requirements of Resolution No. (148) of 2023 Regarding the Cancellation of Listing of Mena Real Estate Company Shares from Boursa Kuwait Securities Exchange issued on 26/10/2023.

Second: The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force as of Sunday 04/02/2024, and it shall be published in the Official Gazette. 

In conclusion, the CMA emphasizes on continuing its supervisory role in protecting investors, which shall create a financial market characterized by fairness, competitiveness, and transparency as well as reducing the systemic risks expected to occur in the securities activities and ensuring compliance with the Laws and Bylaws related to securities activities.
 

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Notes to Editors:
The Capital Markets Authority (CMA) of Kuwait was established pursuant to Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, and its amendments, approved by the Kuwaiti Parliament in February 2010. Under this Law, the CMA regulates and supervises securities activities, ensures transparency, fairness, efficiency, and observes listed companies’ implementation of Corporate Governance regulations. The CMA also protects investors from unfair practices and violations of the CMA's Law.
Furthermore, the Law stipulates the supervision of mergers, acquisitions, and disclosure operations. The CMA also aims to provide awareness programs pertaining to securities activities.
For further information, please contact:
Public Relations & Media Office
Tel: 22903062
Fax: 22903505
Email: pr-media@cma.gov.kw