Article 28 Of Chapter 2

Section: Capital Markets Authority

Every member of the Board as well as employees shall declare in writing to the Authority, upon commencement of his/her duties, his/her ownership of any Securities listed on Kuwait Stock Exchange owned by himself/herself or minors who are under his/her guardianship, and shall also disclose, in writing, any updates on any changes to the declared Securities / financial assets as per the procedures laid down by the Board. The members of the Board are prohibited from dealing in the shares of companies which are subject to the Authority’s supervision throughout their period of membership of the Board.

* Article (28) is amended pursuant to Law No. 22 of 2015 Amending Some Provisions of Law No. 7 of 2010 regarding the Establishment of the Capital Markets Authority & Regulating Securities Activities.