CMA LAW: Announcement of Sale of Materials and Devices

The Capital Markets Authority (CMA) announces its intention to sell (561) categories, and various numbers for each category, of used/damaged materials and devices.

Those who wish to purchase and examine the materials and devices may visit CMA’s headquarters in Al-Hamra Tower in Sharq - 15th floor on Sunday December 14, 2025, at 9:00 a.m. in accordance with the following terms and conditions:

1- The bidder shall meet the following general conditions:
• The bidder shall be a local natural or legal person (companies or institutions). If the bidder is a foreign person, he shall have a Kuwaiti partner or agent in accordance with a notarized contract.
• If the bidder was a company, he shall be registered in the commercial register (the commercial license must be attached).

2- The bid envelope shall be delivered attached with an initial insurance of 1% of the offer value valid for 90 days from the closing date of the bid, or 100 KWD (one hundred KWD only), whichever is higher, through a certified cheque.

3- The bid envelope shall be delivered starting on Sunday December 15, 2025, at 9:00 a.m. until Sunday December 28, 2025, at 1:00 p.m. as a maximum, to the CMA’s headquarters in Al-Hamra Tower in Sharq - 20th floor including the bidder’s acknowledgment.

4- The submitted offer binds on its owner if the bid is successful. In the event that the bid was not awarded to any of the applicants, the applicants will be informed to come to collect the initial insurance.

5- The CMA is not responsible for the carriage, loss, or damage of the sold devices if they are not transferred within 7 business days as a maximum from the date of informing the winner. If the transfer is not completed, the CMA will have the right not to refund the initial insurance and take what it deems appropriate regarding the sale process.

6- The materials may not be divided, and they shall be purchased wholesale.

7- The CMA will refund the initial insurance to those that were not awarded the bid. The initial insurance will be refunded to the winning company after ensuring the receipt and encashment of the certified cheque in the total value of the bid and ensuring the transfer of the sold assets on the date specified in paragraph 5 above.

Best wishes,
The Capital Markets Authority
 

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.