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CMA LAW: Resolution No. (15) of 2024 Regarding the Cancellation of Listing Yiaco Medical Company Shares from Boursa Kuwait Securities Exchange
Date Publish
15 February 2024
Having Perused:
- Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, its Executive Bylaws, and their amendments; and
- Based on Resolution No. (128) Regarding the Cancellation of Listing of Yiaco Medical Company Shares from Boursa Kuwait Securities Exchange issued on 24/09/2023.
- Based on CMA Board of Commissioners Resolution passed in its meeting No. (04) of 2024 held on 14/02/2024 Regarding the Cancellation of the Listing of Kuwait Yiaco Medical Company Shares from Boursa Kuwait Securities Exchange.
The Following Was Resolved:
Article (1)
The request of Yiaco Medical Company is hereby rejected to extend the period given to the Company to address the reasons for the suspension as per their letter on 29/01/2024.
Article (2)
The cancellation of Listing Yiaco Medical Company’s Shares from Boursa Kuwait Securities Exchange is hereby enforced, according to Resolution No. (128) of 2023 Regarding the Cancellation of Listing of Yiaco Medical Company Shares from Boursa Kuwait Securities Exchange issued on 24/09/2023 due to the Company failure to meet the requirements outlined in the aforementioned Resolution within the specified timeframe which ended on 07/02/2024.
Article (3)
The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force from the date of its issuance, and it shall be published in the Official Gazette.
Prof. Ahmad A. Al-Melhem
Issued on: 15/02/2024.
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