CMA LAW: Announcement regarding issuance of Disciplinary Board Resolution No. (87/2024 Disciplinary Board) (17/2024 Complaint) and imposition of a fine against: Arzan Finance Group Company for violating the Rules of Dealing in Securities.

Announcement regarding issuance of Disciplinary Board Resolution No. (87/2024 Disciplinary Board) (17/2024 Complaint) and imposition of a fine against: Arzan Finance Group Company for violating the Rules of Dealing in Securities.

For the following reasons:
Violation of Articles (5-1) and (5-12) of Chapter Five of Module Eleven (Dealing in Securities) of the Executive Bylaws of Law No. 7 of 2010 and their amendments.

The Resolution included the infliction of the following penalty: -
“Levying a fine on the defendant Arzan Finance Group Company in an amount of KWD 10,000 (ten thousand Dinars) for the attributed violation.”

In this regard, the CMA emphasizes the implementation of CMA Law and its Executive Bylaws on all persons dealing in securities activities, and urges them to comply with these Laws in order to promote investors' confidence, create a sound investment environment, and implement the Law according to the principles of fairness, transparency, and integrity in line with the best international practice.

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