Title: Press Release: Delisting of the Shares of Arabi Group Holding Company from Boursa Kuwait Securities Exchange

Kuwait, November 20, 2025 – In line with the Capital Markets Authority’s (CMA) continuous efforts to provide protection to investors, and in affirmation to its commitment to enforcing the provisions of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws and their amendments, and based on Resolution No. (185) of 2025 Regarding the Delisting of the Shares of Arabi Group Holding Company from Boursa Kuwait Securities Exchange issued on 15/10/2025 stipulating the following:

“The shares of Arabi Group Holding Company (K.S.C.P) 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, unless the Company addresses the reasons for suspension through submitting its financial statements for the financial year that ended on 31/12/2024 and the subsequent financial statements, and any other reasons that may arise, while taking the necessary procedures for addressing the reservations of the external auditor stated in his report on the financial statements for the period that ended on 30/09/2024, particularly the reservations regarding the accounts of “physical Inventory”, the “Contract receivables ", and the account of "Retentions" within the account of "trade receivables and other debit balances", provided that they shall be addressed in a form that ensures fair and sound representation of the financial statements balances that reflect the financial impact of addressing the qualifications.

This shall be met no later than 16/11/2025, and the mentioned Company shall provide the CMA with a comprehensive and detailed weekly report on the measures and amendments taken by the Company to address the reasons for the suspension.”

In addition to the CMA Board of Commissioners Resolution held on 19/11/2025, providing the following:

The enforcement of delisting the shares of Arabi Group Holding Company (K.S.C.P) from Boursa Kuwait Securities Exchange pursuant to the CMA’s Resolution No. (185) of 2025 issued on 15/10/2025, due to failure of the Company to meet the requirements during the specified period that ended on 16/11/2025. Arabi Group Holding Company (K.S.C.P) failed to submit the Company’s financial statements for the periods ending on 31/12/2024,31/03/2025,30/06/2025,and 30/09/2025, in a manner that ensures the fair and accurate recording of financial statement balances, reflecting the financial impact resulting from addressing the reservations of the external auditor stipulated in the report on the financial statements for the period ending on 30/09/2024,particularly the reservations regarding the accounts of “physical Inventory”, the “Contract receivables ", and the account of "Retentions" within the account of "trade receivables and other debit balances"

The Company’s Board of Directors is also responsible for preparing and issuing financial statements in accordance with the requirements of international accounting standards, which has been confirmed by both the CMA and the Disciplinary Board’s resolutions, and shall be disclosed to traders within the specified periods in Module Twelve (Listing Rules) of the Executive Bylaws of the CMA’s Law.

Accordingly, the Company shall comply with the provisions 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, stipulating the following:

“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.  Calling  for  the  company’s  general  assembly  shall  be  made  within  a  period  of  three  months  from  the  date  of  the  resolution  to  delist  the  company’s  Shares. 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.”

Furthermore, The Company shall comply with the provisions of Article No. 2-4-3 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, stipulating the following:

“Kuwaiti shareholding companies whose Shares were delisted pursuant to a resolution shall be registered in the (Unlisted Securities System) through the continuous trading within five Business Days from the effective date of the cancellation resolution.”

In conclusion, the CMA emphasizes on continuing its supervisory role in protecting investors, fostering a capital market rooted in fairness, competitiveness, and transparency, mitigating foreseeable systemic risks in securities activities, and ensuring compliance with the applicable laws and regulations related to securities activities.

Ends-
Notes to Editors:
The Capital Markets Authority was established pursuant to Law No. 7/2010, approved by the Kuwaiti Parliament in February 2010. Pursuant to the Law, the CMA shall regulate and supervise the securities activities, achieve transparency and fairness, observe listed companies’ execution of Corporate Governance regulations, and protect investors from unfair practices which violate the CMA's Law.

Furthermore, the Law's provisions stipulate the supervision of mergers, acquisitions, and disclosure operations. The CMA also aims to provide awareness programs related to securities activities.

For further information, please contact:
Public Relations & Media Office
Tel: 1888898
Email: pr-media@cma.gov.kw