CmaBoardReleases
Title: Resolution No. (52) of 2022 Regarding the Cancelation of the Listing of Ream Real Estate Company's Shares 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
- CMA Board of Commissioners Resolution passed in its meeting No. (13) of 2022 held on 06/04/2022 Regarding the Cancelation of the Listing of Ream Real Estate Company 's Shares from Boursa Kuwait Securities Exchange.
The Following Was Resolved:
Article (1)
The listing of Ream Real Estate Company's shares is hereby canceled from Boursa Kuwait Securities Exchange (Main Market) as of 05/07/2022, according to Item No. (3) 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, its Executive Bylaws, and their amendments, unless the Company takes the necessary measures to address the reasons for the suspension and resumes trading of the shares no later than 04/07/2022, which are as follows:
1. Submit the financial statements that ended on 31/03/2021, 30/06/2021, 30/09/2021, and 31/12/2021 and any other financial statements that are due to be submitted.
2. Pay the annual subscription fee for 2022 to Boursa Kuwait Securities Exchange Company.
3. Allow the auditor to express an opinion on the Company's financial statements.
Article (2)
The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force as of 10/04/2022, and it shall be published in the Official Gazette.
Prof. Ahmad A. Al-Melhem
Issued on:10/04/2022