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Title: Resolution No. (185) of 2025 Regarding the Delisting of the Shares of Arabi Group Holding Company from Boursa Kuwait Securities Exchange
Date Publish
15 October 2025
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 CMA Board of Commissioners Resolution passed in its meeting No. (35) of 2025 held on 15/10/2025 Regarding the Delisting of the Shares of Arabi Group Holding Company (K.S.C.P) from Boursa Kuwait Securities Exchange.
The Following Was Resolved:
Article (1)
The shares of Arabi Group Holding Company (K.S.C.P) 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, unless the Company addresses the reasons for suspension through submitting its financial statements for the financial year that ended on 31/12/2024 and the subsequent financial statements, and any other reasons that may arise, while taking the necessary procedures for addressing the reservations of the external auditor stated in his report on the financial statements for the period that ended on 30/09/2024, particularly the reservations regarding the accounts of “physical Inventory”, the “Contract receivables ", and the account of "Retentions" within the account of "trade receivables and other debit balances", provided that they shall be addressed in a form that ensures fair and sound representation of the financial statements balances that reflect the financial impact of addressing the qualifications.
This shall be met no later than 16/11/2025, and the mentioned Company shall provide the CMA with a comprehensive and detailed weekly report on the measures and amendments taken by the Company to address the reasons for the suspension.
Article (2)
The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force as of 16/10/2025, and it shall be published in the Official Gazette.
Emad Ahmed Tifouni
Issued on: 15/10/2025.
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