Title: Announcement regarding issuance of Disciplinary Board Resolution No. (35/2025 Disciplinary Board) (67/2025 Authority) and imposition of a fine against: Real Estate Trade Centers Company for violating the Rules of Disclosure and Transparency.

Announcement regarding issuance of Disciplinary Board Resolution No. (35/2025 Disciplinary Board) (67/2025 Authority) and imposition of a fine against: Real Estate Trade Centers Company for violating the Rules of Disclosure and Transparency.

For the following reasons:
First: Violation of the provision of Items (4 and 5) of Article (4-6-3) of Module Ten (Disclosure and Transparency) of the Executive Bylaws of Law No. 7 of 2010 and their amendments. It was proven to the CMA that the Company used promotional language and future predictions that were not based on objective criteria in some items of its disclosure dated July 9, 2025 in Boursa Kuwait Securities Exchange with regards to the results of the Board of Directors meeting held on the same date, in which it addressed the proposed partnership agreement with the company that obtained a license privilege, as the Board unanimously approved proceeding with the partnership agreement related to the joint establishment, development, and management of the project. These items included the following:

1. The branding power increases the value of real estates by 60% based on historical performance.
2. The branding power increases project revenue by at least 50%.
3. The global network facilitates the attraction of foreign tenants and hosting of diplomatic, touristic, and trade events.
4. The financial power facilitates obtaining direct and favorable financing terms.

The Resolution included the infliction of the following penalty: -
“Levying a fine on Real Estate Trade Centers Company in the amount of KWD 5,000 (five 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.