Title: Announcement regarding issuance of Disciplinary Board Resolution No. (27/2025 Disciplinary Board) (59/2025 Authority) and imposition of a fine against: The Energy House Holding Company for violating the Rules of Disclosure and Transparency.

Announcement regarding issuance of Disciplinary Board Resolution No. (27/2025 Disciplinary Board) (59/2025 Authority) and imposition of a fine against: The Energy House Holding Company for violating the Rules of Disclosure and Transparency.

For the following reasons:

First: Violation of the provision of Article (4-6-3) “Mechanism of Disclosure of Material information” of Module Ten (Disclosure and Transparency) of the Executive Bylaws of Law No. 7 of 2010 and their amendments:

It was proven to the CMA that the disclosure of the Energy House Holding Company on Boursa Kuwait Securities Exchange on 16/06/2025 regarding receiving a preliminary (non-binding) offer to purchase its stake in one of its subsidiaries in a country, does not contain sufficient information and data to allow any person to determine the impact of this material information, as the company did not mention or specify the name of the subsidiary company or specify its activity.

Second: a. Violation of the provision of Article 139 of Law No. 7 of 2010 and its amendments:

b. Violation of the provision of Article (4-6-5) of Module Ten (Disclosure and Transparency) of the Executive Bylaws of Law No.7 of 2010 and their amendments:

It was proven that the Company refrained from complying with the CMA’s repeated requests and instructions to re-disclose the material information that is the subject of the aforementioned violation, disclosed on 16/6/2025 regarding the company’s receipt of a preliminary (non-binding) offer to purchase its stake in one of its subsidiaries in a country, as the CMA contacted the company by phone and via email on 17/06/2025, requesting it to re-disclose on Boursa Kuwait Securities Exchange officially, and mention and specify the name of the subsidiary company subject of the disclosure, but it continued to violate by not complying with the CMA’s instructions to re-disclose in accordance with the CMA’s instructions.

The Resolution included the infliction of the following penalty: -
“Levying a fine on The Energy House Holding Company in the amount of KWD 10,000 (ten thousand Dinars) for the two parts of 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 Laws 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.