Title: Announcement of Sale of Materials and Devices

The Capital Markets Authority (CMA) announces its intention to sell 46 categories, and various numbers for each category, of used/damaged materials and devices, new ink cartridges, and a wooden stage that are currently owned by the CMA.
Those who wish to purchase and examine the materials and devices may visit CMA’s headquarters in Al-Hamra Tower in Sharq - 15th floor on Sunday January 29, 2023, at 11:00 a.m. in accordance with the following terms and conditions:
1- The bidder shall meet the following general conditions:
• The bidder shall be a local natural or legal person (companies or institutions). If the bidder is a foreign person, he shall have a Kuwaiti partner or agent in accordance with a notarized contract.
• If the bidder was a company, he shall be registered in the commercial register (the commercial license must be attached).
2- The bid envelope shall be delivered attached with an initial insurance of 1% of the offer value or 100 KWD (one hundred KWD only), whichever is higher, through a certified cheque.
3- The bid envelope shall be delivered starting on Sunday February 05, 2023, at 1:00 p.m. until Sunday February 12, 2023, at 1:00 p.m. as a maximum, to the CMA’s headquarters in Al-Hamra Tower in Sharq - 20th floor including the bidder’s acknowledgment.
4- The submitted offer binds on its owner if the bid is successful. In the event that the bid was not awarded to any of the applicants, the applicants will be informed to come to collect the initial insurance.
5- The CMA is not responsible for the carriage, loss, or damage of the sold devices if they are not transferred within 7 business days as a maximum from the date of informing the winner. If the transfer is not completed, the CMA will have the right not to refund the initial insurance and take what it deems appropriate regarding the sale process.
6- The materials may not be divided, and they shall be purchased wholesale.

Best wishes,
The Capital Markets Authority