Title: Resolution No. (100) of 2021 Regarding Continuing the Suspension of National Shooting Company’s Share
- 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 passed in its meeting No. (30) of 2021 held on 01/09/2021.
The Following Was Resolved
Based on Item (3) of Article 1-18 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, which stipulate that “The Authority may temporarily suspend trading in the Exchange, and suspend the trading of any Security listed in the Exchange in any of the following cases:
1. Violating the Issuer for any of the obligations imposed on it under the laws and regulations applied by the Authority and the Exchange.
3. Achieve investor protection in the markets.”
….. It is hereby resolved to suspend the share of National Shooting Company from trading in Boursa Kuwait, until the mentioned company completes the control requirements related to the notices and violations recorded against the Company by the CMA.
The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force as of 05/09/2021, and it shall be published in the Official Gazette.
Prof. Ahmad A. Al-Melhem
Issued on: 05/09/2021