Title: Announcement regarding issuance of Disciplinary Board Resolution No. (97/2022 Disciplinary Board) (82/2022 Authority) and the imposition of a fine against Ektettab Holding Company for violating the rules of Disclosure and Transparency

Announcement regarding issuance of Disciplinary Board Resolution No. (97/2022 Disciplinary Board) (82/2022 Authority) and the imposition of a fine against Ektettab Holding Company for violating the rules of Disclosure and Transparency

For the following reasons:

For violating the provision of Item (2) of Article (3-5-1) of Module Ten (Disclosure and Transparency) 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, on evidence of the mentioned Company’s failure to update the list of insiders within five working days.

The Resolution included the infliction of the following penalty: -

“Ektettab Holding Company is fined an amount of 10,000 KD (ten thousand Dinars) for the attributed violation.”

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 rules 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.