CMA LAW: Announcement regarding issuance of Disciplinary Board Resolution No. (44/2025 Disciplinary Board) (05/2025 Complaint), and imposition of a fine against: Hussain Abdullah Johar for violating the rules of Collective Investment Schemes

Announcement regarding issuance of Disciplinary Board Resolution No. (44/2025 Disciplinary Board) (05/2025 Complaint), and imposition of a fine against: Hussain Abdullah Johar for violating the rules of Collective Investment Schemes

For the following reasons:

Violation of the provision of Articles 76, 77, 88, 126, 128, and 129 of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, its Executive Bylaws, and its amendments, and the provisions of Module Thirteen (Collective Investment Schemes) 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.

The Resolution included the infliction of the following penalty: -
“Levying a fine on the complainant / Hussain Abdullah Johar in his capacity as a former liquidator of Industrial & Financial Investment Company in an amount of KWD 10,000 (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.

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