CMA LAW: Announcement regarding issuance of Disciplinary Board Resolution No. (41/2025 Disciplinary Board) (84/2025 Authority) and imposition of a warning against: Mezzan Holding Company, for violating the Rules of Disclosure and Transparency.

Announcement regarding issuance of Disciplinary Board Resolution No. (41/2025 Disciplinary Board) (84/2025 Authority) and imposition of a warning against: Mezzan Holding Company, for violating the Rules of Disclosure and Transparency.

For the following reasons:
Violation of the provision of Item (10) of Article (4-1-1) of Module Ten (Disclosure and Transparency) of the Executive Bylaws of Law No. 7 of 2010 and their amendments. It was proven to the Authority that Mezzan Holding Company  did not disclose obtaining a number of unsecured revolving credit facilities, the most important of which is the loan granted to it with a value of 41.5 million Kuwaiti dinars (forty-one million and five hundred thousand Kuwaiti Dinars only), which represents about 12% of the total value of the Company’s assets and about 19.5% of the Company’s total liabilities to date.

The Resolution included the infliction of the following penalty: -
“Levying a warning against Mezzan Holding Company for the attributed violation with a directive to avoid repeating such violation in the future.”

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.

Disclaimer: The information provided on this page is for reference purposes only, visitors are encouraged to review and understand the information provided in the official scanned document attached in the link above (if available). The CMA endeavors to ensure that the information on this page is complete and accurate, but the CMA does not guarantee the quality, accuracy, or completeness of any content at any time. In the event the information on this page is different from the content in the official scanned document attached in the link (if available), the official scanned document attached shall take precedence.