CmaBoardReleases
Title: Resolution No. (46) of 2021 Regarding Amending Some Provisions on Time Controls for the Process of Listing Companies’ Shares on the Exchange
Having Perused:
- Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws and their amendments; and
- CMA Board of Commissioners Resolution passed in its meeting No. (12) of 2021 held on 07/04/2021;
The Following Was Resolved:
Article (1):
Module Twelve (Listing Rules) of the Executive Bylaws of Law No. (7) of 2010 is hereby amended pursuant to Annex (1) attached to this Resolution.
Article (2):
The new provisions mentioned in this Resolution shall apply to the companies that submit their Listing Application to Boursa Kuwait after the issuance date of this Resolution.
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: 12/04/2021