CmaBoardReleases
Title: Announcement regarding the issuance of Disciplinary Board Resolution No. (02/2022 Disciplinary Board – Grievances) (02/2022 Boursa Kuwait Violations Committee) of temporarily suspending the Resolution against: Al Ahli Bank of Kuwait for its violation of the provision of paragraph 3 of Article (9-28) of Boursa Kuwait Rulebook
Announcement regarding the issuance of Disciplinary Board Resolution No. (02/2022 Disciplinary Board – Grievances) (02/2022 Boursa Kuwait Violations Committee) of temporarily suspending the Resolution against: Al Ahli Bank of Kuwait.
For its violation of the provision of paragraph 3 of Article (9-28) of Boursa Kuwait Rulebook.
The Resolution included the following:
“First: - Before deciding on the form and subject.
Second: - Suspending the Resolution of the Violations Committee issued on 20/06/2022 numbered 01/2022 temporarily - which ordered to suspend dealing in the securities of Al Ahli Bank of Kuwait for ten days as of the issuance date of the Resolution- until the decision is made in form and subject.”
In this regard, the CMA emphasizes the implementation of CMA Law and its Executive Bylaws on all persons dealing in securities activities, and urges them to comply with these Laws in order to promote investors' confidence, create a sound investment environment, and implement the Law according to the principles of fairness, transparency, and integrity in line with the best international practice.