CMA LAW: Resolution No. (47) of 2026 Regarding the Delisting of the Shares of of Kuwait & Gulf Link Transport Company (KGL) 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 amendments thereto; and 
- CMA Board of Commissioners Resolution passed in its meeting No. (47) of 2025 held on 30/12/2025 Regarding the Suspension of Trading of Kuwait & Gulf Link Transport Company (KGL) Shares Listed in Boursa Kuwait Securities Exchange; and

-Resolution No. (223) of 2025 Regarding the Suspension of Trading of Kuwait & Gulf Link Transport Company (KGL) Shares Listed in Boursa Kuwait Securities Exchange; and

- CMA Board of Commissioners Resolution passed in its meeting No. (15) of 2026 held on 30/12/2025 Regarding the Suspension of Trading of Kuwait & Gulf Link Transport Company (KGL) Shares Listed in Boursa Kuwait Securities Exchange.

The Following Was Resolved: 
Article (1)

The shares of Kuwait & Gulf Link Transport Company (KGL) are hereby delisted from Boursa Kuwait Securities Exchange pursuant to Item (7) 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, the Company failed to meet the requirements stipulated in Resolution No. (223) of 2025 issued on 30/12/2025, specifically not providing the CMA with the required material documents in items (1) and (2) of Article (1) of the resolution, comprising of settlement agreements supporting the transfer of a portion of the investment in an associate company and lease contracts for the right-of-use holdings, which resulted in CMA’s failure to complete the audit works for the financial statements of Kuwait & Gulf Link Transport Company (KGL) for the year ending on 31/12/ 2024 and subsequent financial statements.

Article (2)
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: 16/04/2026.

Copy of the Official Document

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