The Disciplinary Board issued Resolution No. (111/2022) Disciplinary Board (44/2022) Authority, and imposition of a fine and a warning against Adel Al-Nakas in his capacity as Chairman of the Board of Directors of Sharq Investment Company, Abdulmalik Al-Awadhi in his capacity as Vice Chairman of the Board of Directors of Sharq Investment Company, Fahad Al-Mulla in his capacity as Board Member of Sharq Investment Company, Abdullah Al-Baghli in his capacity as Board Member of Sharq Investment Company, and Khaled Awad in his capacity as Board Member & CEO of Sharq Investment Company for violating the rules of Corporate Governance.
A warning was issued to the above mentioned names (from 1 to 4) for the attributed violations, and fine was imposed against Khaled Awad in his capacity as Board Member & CEO of Sharq Investment Company in an amount of KWD 2,000 for the two attributed violations.