CmaBoardReleases
Title: Capital Markets Authority Announces Reporting Suspected Crime to the Capital Market Prosecution
The Capital Markets Authority announces reporting to the Capital Market Prosecution on 12/04/2018 suspected occurrence of the crime provided for in Clause (1) paragraph (a) and (b) of Article (122) of Law No. (7) of 2010 and its amendments, and Clause (3) of article (3-2) of paragraph 1/A of Module Fourteen (Market Conduct) of the Executive Bylaws of the same law, where a number of traders in Boursa Kuwait agreed a prearranged to execute a number of transactions through the same broker which did not result in an actual change to the ownership of the security and converged their accounts which raised trading of a listed security, on the securities of Commercial Real Estate Company (Al Tijaria) and Kuwait Real Estate Company (AQARAT), during the trading session on 7/12/2017.