CMA LAW: Resolution No. (08) of 2026 Regarding the Delisting of the Shares of Aleid Foods Company's (KSCP) from Boursa Kuwait Securities Exchange

Having Perused: 
- Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, its Executive Bylaws, and their amendments; and 
- Based on CMA Board of Commissioners Resolution passed in its meeting No. (34) of 2025 held on 14/10/2025; and

- Resolution No. (184) of 2025 Regarding the Suspension of Trading of Aleid Foods Company's (KSCP) Shares Listed in Boursa Kuwait Securities Exchange issued on 15/10/2025; and

- CMA Board of Commissioners Resolution passed in its meeting No. (01) of 2026 held on 07/01/2026 Regarding the Delisting of the Shares of Aleid Foods Company's (KSCP) from Boursa Kuwait Securities Exchange.

The Following Was Resolved: 

Article (1)
The shares of Aleid Foods Company's (KSCP) are hereby delisted from Boursa Kuwait Securities Exchange pursuant to Item (3) and Item (8) of Article (2-4-1) of Module Twelve (Listing Rules) of the Executive Bylaws of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and their amendments, it was revealed to the CMA that the submitted balances in the disclosed financial statements to Bousa Kuwait Securities Exchange were inaccurate, the main observations in this regard contained inaccuracy and lack of transparency in items “ Accounts Receivable and Other Receivables”, “physical Inventory”, and “Intangible Assets” within the Company’s statement of financial position. In addition, to the inaccuracy and lack of transparency in the Company’s revenues as mentioned in the consolidated profit and loss statement, the Company failed to disclose in its financial statements, general assembly, and external auditor any transactions with related parties. furthermore, the audit of Aleid Foods Company for the year ending on 31/12/2024 exposed that the Company provided the CMA with misleading and contradictory statements and information that does not reflect the truth. The CMA has taken the necessary measure to refer the Company to the competent legal and supervisory authorities to address the stated violations therein.  

Article (2)

The delisting stipulated in Article (1) above shall be effective on the following business day of the date of the general assembly, pursuant to the provisions of Article (206) and (207) of Law No. (1) of 2016 Companies Law and its amendments, or holding a general assembly pursuant to the provision of Article 2-4-2 of Module Twelve (Listing Rules) of the Executive Bylaws of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, and their amendments; whichever is earlier.

The Board of Directors of a company shall call the general assembly to discuss the resolution of delisting the company’s Shares from the Exchange, including addressing the company’s current condition and the future plans to resolve these conditions. The Members of a Board of Directors shall be subject to disciplinary actions in case of refraining from convening the general assembly during the stated period.

The company shall also provide the Authority and the Exchange with a copy of the certified minutes of the general assembly meeting, within a period of not more than two weeks from the date of commencing the general assembly.

Article (3)
The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force from the date of its issuance, and it shall be published in the Official Gazette.  

Emad Ahmed Tifouni 
Issued on: 08/01/2026.

Copy of the Official Document

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