CMA LAW: Announcement regarding issuance of Disciplinary Board Resolution No. (42/2025 Disciplinary Board) (86/2025 Authority) and imposition of a fine against: National Real Estate Company for violating the Rules of Disclosure and Transparency.

For the following reasons:
Violation of the provision of Item (22) 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 refrained from immediately disclosing at Boursa Kuwait Securities Exchange material information related to the financial impact on the Company resulting from the decrease in its associate company’s ownership by 20.09%, and it became clear to the Authority that this financial impact was announced by the associate company on 18 June, 2025, which required the National Real Estate Company to disclose it immediately in accordance with the required disclosure provisions, but it failed to disclose it until 17 August, 2025, as it simply referred to this impact within its interim financial statements for the period ending on 30 June, 2025, which does not establish an independent disclosure of material information as required by the provisions of the Executive Bylaws.

The Resolution included the infliction of the following penalty: -
“Levying a fine on National Real Estate 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.

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.