Title: Announcement regarding issuance of Disciplinary Board Resolution No. (40/2025 Disciplinary Board) (82/2025 Authority) and imposition of a fine against: ACICO Industries Company for violating the Rules of Disclosure and Transparency.

Announcement regarding issuance of Disciplinary Board Resolution No. (40/2025 Disciplinary Board) (82/2025 Authority) and imposition of a fine against: ACICO Industries Company for violating the Rules of Disclosure and Transparency.

For the following reasons:
Violation of the provision of Item (26) of Article (4-1-1) of Module Ten (Disclosure and Transparency) of the Executive Bylaws of Law No. 7 of 2010 and their amendments. The Company did not disclose at Boursa Kuwait Securities Exchange the Item of return of provisions for legal cases no longer required, amounting to KWD 7,221,988 (seven million, two hundred and twenty-one thousand, nine hundred and eighty-eight Kuwaiti Dinars) upon the announcement of the agenda for the Board of Directors, disclosed on 8 and 13 May 2025.

The Resolution included the infliction of the following penalty: -
“Levying a fine on ACICO Industries Company in an 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.