The Disciplinary Board issued Resolution No. (128/2022 Disciplinary Board) (79/2022 Authority) imposing a fine against Gulf Custody Company, Talal Al-Muzaini (Deloitte and Touche - Al-Wazzan & Co) in his capacity as the former auditor of Gulf Custody Company, Bader Al-Wazzan (Deloitte and Touche - Al-Wazzan & Co) in his capacity as the former auditor of Gulf Custody Company, for violating the rules of Module Sixteen of the Executive Bylaws of Law No. 7 of 2010 and their amendments.
The resolution also included imposing a fine against Gulf Custody Company in an amount of KWD 3,000 for the six attributed violations due to correlation.
Moreover, a fine was imposed against each of Talal Al-Muzaini and Bader Al-Wazzan (Deloitte and Touche - Al-Wazzan & Co) in their capacities as the former auditors of Gulf Custody Company in an amount of KWD 2,000 for the attributed violation.