CMA LAW: Press Release: Delisting of the Shares of Aleid Foods Company's (KSCP) from Boursa Kuwait Securities Exchange

Kuwait, January 8, 2026 – Within the framework of the continuous efforts of the Capital Markets Authority (CMA) to protect investors , and in implementation of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, its Executive Bylaws, and amendments thereto, and pursuant to Resolution No. (184) of 2025 issued on 15/10/2025, stipulating the following:

“The shares of Aleid Foods Company (KSCP) listed in Boursa Kuwait Securities Exchange are hereby suspended from trading according to Item No (3) of Article (1-20) 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 and amendments thereto, which stipulates the following:

“The Authority may temporarily suspend trading in the Exchange, and suspend the trading of any Security listed in the Exchange in any of the following cases:

 ….
3. Achieve investor protection in the markets.

This will continue until the end of the CMA’s regulatory procedures represented by reviewing the financial position of the Company.”

The resolution of suspension entered into force from 15/10/2025, in implementation of the objective of the provision of Article (3) of Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, and amendments, especially the goal to provide protect parties dealing in securities activities, implementing a full disclosure policy to achieve fairness, transparency, prevent conflict of interest and exploitation of insider information, work to ensure complying with rules, regulations, and bylaws related to securities activity.

Based on Item (8) 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 and their amendments:

“The Authority may cancel the listing of the Shares of a shareholding company listed in the Exchange in any of the following cases:

……..

8. If the Authority deems that canceling the listing is necessary for protecting investors or regulating the market.”

The CMA Board of Commissioners Resolution held on 07/01/2026,

The Following Was Resolved: 

Article (1)
The shares of Aleid Foods Company's (KSCP) are hereby delisted from Boursa Kuwait Securities Exchange pursuant to Item (3) and Item (8) 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 and their amendments, it was revealed to the CMA that the submitted balances in the disclosed financial statements to Bousa Kuwait Securities Exchange were inaccurate, the main observations in this regard contained inaccuracy and lack of transparency in items “ Accounts Receivable and Other Receivables”, “physical Inventory”, and “Intangible Assets” within the Company’s statement of financial position. In addition, to the inaccuracy and lack of transparency in the Company’s revenues as mentioned in the consolidated profit and loss statement, the Company failed to disclose in its financial statements, general assembly, and external auditor any transactions with related parties. furthermore, the audit of Aleid Foods Company for the year ending on 31/12/2024 exposed that the Company provided the CMA with misleading and contradictory statements and information that does not reflect the truth. The CMA has taken the necessary measure to refer the Company to the competent legal and supervisory authorities to address the stated violations therein.  

Article (2)

The delisting stipulated in Article (1) above shall be effective on the following business day of the date of the general assembly, pursuant to the provisions of Article (206) and (207) of Law No. (1) of 2016 Companies Law and its amendments, or holding a general assembly pursuant to the provision of Article 2-4-2 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, and their amendments; whichever is earlier.

The Board of Directors of a company shall call the general assembly to discuss the resolution of delisting the company’s Shares from the Exchange, including addressing the company’s current condition and the future plans to resolve these conditions. The Members of a Board of Directors shall be subject to disciplinary actions in case of refraining from convening the general assembly during a period of three months from the date of the resolution to delist the company’s Shares.

The Company shall also provide the Authority and the Exchange with a copy of the certified minutes of the general assembly meeting, within a period of not more than two weeks from the date of commencing the general assembly.

The CMA issued this resolution following the Company’s continued submission of misleading statements and information in addition to contradictory documents that do not reflect the truth regarding the financial position of the Company under inspection and examination.

In conclusion, the CMA confirms that it will continue its regulatory role in protecting investors, which will also create a fair, competitive, and transparent financial market, as well as reduce the systemic risks that are expected to occur in securities activities and working to ensure compliance with laws and regulations related to securities activities.

Ends-
Notes to Editors:
The Capital Markets Authority (CMA) of Kuwait was established pursuant to Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, and its amendments, approved by the Kuwaiti Parliament in February 2010. Under this Law, the CMA regulates and supervises securities activities, ensures transparency, fairness, efficiency, and observes listed companies’ implementation of Corporate Governance regulations. The CMA also protects investors from unfair practices and violations of the CMA's Law.
Furthermore, the Law stipulates the supervision of mergers, acquisitions, and disclosure operations. The CMA also aims to provide awareness programs pertaining to securities activities.
For further information, please contact:
Public Relations & Media Office
Tel: 1888898
Email: pr-media@cma.gov.kw

Disclaimer: The information provided on this page is for reference purposes only, visitors are encouraged to review and understand the information provided in the official scanned document attached in the link above (if available). The CMA endeavors to ensure that the information on this page is complete and accurate, but the CMA does not guarantee the quality, accuracy, or completeness of any content at any time. In the event the information on this page is different from the content in the official scanned document attached in the link (if available), the official scanned document attached shall take precedence.