CmaBoardReleases
Title: Resolution No. (126) of 2021 Regarding Resuming the Trading on AL-Bareeq Holding Company's Shares in Boursa Kuwait
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
- Based on CMA Board of Commissioners Resolution Regarding Suspending the Shares of Al-Bareeq Holding Company passed in its meeting No. (29) of 2021 held on 25/08/2021.
- Based on CMA’s Resolution No. (95) of 2021 Regarding Suspending the Shares of Al-Bareeq Holding Company issued on 26/08/2021.
- Based on CMA Board of Commissioners Resolution passed in its meeting No. (39) of 2021 held on 03/11/2021.
The Following Was Resolved:
Article (1):
The trading of AL-Bareeq Holding Company’s shares is hereby resumed as of Monday November 08, 2021.
Article (2):
AL-Bareeq Holding Company shall be under more supervision in the conduct of its business.
Article (3):
Direct or indirect dealing in the shares of AL-Bareeq Holding Company by the Company’s major shareholders, members of its Board of Directors, the executive management, and all the Company’s insiders is hereby prohibited as of the date of resuming trading of the shares, and until the completion of CMA’s supervisory procedures regarding the observed violations of the Company and the issuance of the resolutions of the Disciplinary Board and the Capital Markets Prosecution regarding the Company.
Article (4):
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: 04/11/2021