CMA LAW: Resolution No. (20) of 2024 Regarding the Delisting of the Shares of Ahli United Bank – Kuwait 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 

- Based on CMA Board of Commissioners Resolution passed in its meeting No. (05) of 2024 held on 21/02/2024 Regarding the Delisting of the Shares of Ahli United Bank – Kuwait from Boursa Kuwait Securities Exchange.

The Following Was Resolved: 
Article (1)
The shares of Ahli United Bank – Kuwait are hereby delisted from Boursa Kuwait Securities Exchange, according to Item (4) of Article 2-4-1 (Delisting of Shares of Shareholding Companies from the Exchange) of Module Twelve (Listing Rules) of the Executive Bylaws of Law 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and amendments thereto, effective as of 27/2/2024, after completion of the share swap process and the termination of the legal identity of Ahli United Bank – Kuwait. This is a result of its merger by amalgamation with Kuwait Finance House, transferring all its financial rights, liabilities and assets to Kuwait Finance House, and deleting the bank and cancelling  its license from the records of shareholding companies department at the Ministry of Commerce and Industry.

Article (2)
The concerned bodies shall execute this Resolution, each within its jurisdiction, effective as of 27/02/2024, and it shall be published in the Official Gazette. 

Prof. Ahmad A. Al-Melhem 
Issued on: 21/02/2024.

Copy of the Official Document

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