The Capital Markets Authority (CMA) issued Disciplinary Board Resolution No. (90/2022 Disciplinary Board) (90/2022 Authority) to impose a fine against REAM Real Estate Company for violating the Listing Rules. The Company failed to submit a copy of its periodical financial statements for the financial year ended 31 March 2022 to Boursa Kuwait and CMA within the legally specified deadline which ended on 16 May 2022. Moreover, the Company did not submit a copy of its financial statements to date. Hence, the Company has violated the provisions of Item (1) of Article (1-15) of Module Twelve (Listing Rules) of the Executive Bylaws of Law No. 7 of 2010 and their amendments.CMA emphasized the implementation of CMA Law and its Executive Bylaws on all persons dealing in securities activities, and urges them to comply with these Laws in order to promote investors' confidence, create a sound investment environment, and implement the Law according to the principles of fairness, transparency, and integrity in line with the best international practice.