CmaBoardReleases
Back to Search
CMA LAW: Circular No. (11) of 2022 to all Listed Companies Regarding Implementing Resolution No. (139) of 2022 Regarding Developing the Mechanism of Participating in the General Assemblies of the Companies Listed in Boursa Kuwait Securities Exchange
Date Publish
20 September 2022
As part of the role of the Capital Markets Authority (CMA) in raising awareness of the provisions of Law No. 7 of 2010 and its Executive Bylaws and their amendments, in order to coordinate and follow-up with the relevant entities and the companies listed in Boursa Kuwait Securities Exchange, and to ensure the sound implementation of Resolution No. (139) of 2022 regarding Developing the Mechanism of Participating in the General Assemblies of the Companies Listed in Boursa Kuwait Securities Exchange.
The CMA would like to draw the attention of all listed companies to the importance of complying with the provisions of the mentioned Resolution, whose effective date shall apply to all the general assemblies that will be held as of 02/10/2022, and the consequent procedures that shall be followed according to the timetables mentioned in the Resolution, particularly disclosure of the call to hold a general assembly meeting in accordance with the form set out in Appendix 14 of Module Ten (Disclosure and Transparency) at least five Business Days prior to the date of the right to attend the general assembly, noting that such date shall be the tenth Business Day prior to the date of the general assembly.
The CMA advices all the companies that intend to hold their general assemblies during the period between 02/10/2022 and 31/12/2022 to communicate and coordinate with the relevant team at the CMA through the following email address: mrd@cma.gov.kw.
Prof. Ahmad Almelhem
Issued on: 20/09/2022
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.
