CMA LAW: Press Release Regarding Updates on Dalqan Real Estate Company Compliance to the Requirements of the Capital Markets Authority’s Resolution No. (59) of 2026

Kuwait, July 07, 2026 – In pursuit of the continuous efforts of the Capital Markets Authority (CMA) to protect investors from any actions or behaviors that the security may be exposed to that may violate Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, its Executive Bylaws, and amendments thereto, and in confirmation of its continuous follow up to the entities subject to its supervision’s compliance to the resolutions and instructions issued in accordance with the provisions of CMA’s Law and its aforementioned Executive Bylaws, by implementing a full disclosure policy to ensure fairness and transparency.

In this context it was proven to the CMA that Dalqan Real Estate Company failed to comply with Item (1) of Article (1) of the Capital Markets Authority’s Resolution No. (59) of 2026 issued on 13/05/2026 Regarding the Suspension of Trading of Dalqan Real Estate Company Shares Listed in Boursa Kuwait Securities Exchange, as the Company did not provide the CMA with the required documents within the specified period in the aforementioned resolution, which ended on 01/06/2026. These documents are as follows:

1- Not providing the CMA with copies of the cheques used to deposit the proceeds from the sale of investment properties in Salmiya area No. (30), (31), and (32), or a certified bank document showing all the details of those cheques, including the name of the cheque issuer and the cheque number.

2- Not providing the CMA with documents and contracts that prove the details and nature of transactions and transfers to and from the company's bank accounts from 01/01/2024 to 31/12/2025, which were made with the parties mentioned in the CMA’s mentioned resolution.

In conclusion, The CMA confirms that all shareholders of listed companies shall fulfill their supervisory role by monitoring the performance of the Company's management and participating in the general assembly's decision processes that serve the Company's best interests, preserve its financial and legal position, protect the funds of its shareholders and clients, and avoid falling under the penalties stipulated in Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, and its amendments.

Furthermore, CMA confirms that it will continue its regulatory role in protecting investors, which will also create a fair, competitive, and transparent financial market, as well as reducing the systemic risks that are expected to occur in securities activities and working to ensure compliance with laws and regulations related to securities activities.

Ends-
Notes to Editors:
The Capital Markets Authority (CMA) of Kuwait was established pursuant to Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, and its amendments, approved by the Kuwaiti Parliament in February 2010. Under this Law, the CMA regulates and supervises securities activities, ensures transparency, fairness, efficiency, and observes listed companies’ implementation of Corporate Governance regulations. The CMA also protects investors from unfair practices and violations of the CMA's Law.

Furthermore, the Law stipulates the supervision of mergers, acquisitions, and disclosure operations. The CMA also aims to provide awareness programs pertaining to securities activities.

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

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