CMA Imposes a Financial Penalty on "ALTaameer Real Estate " Amounting to K.D 5,000

تم النشر على almowazi.com في 19 نوفمبر 2024
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The Capital Markets Authority (CMA) has imposed a financial penalty on OTC 196 ALTaameer for Real Estate Investment Company amounting to 5,000 KWD (Five Thousand Kuwaiti Dinars) for the violation attributed to them.

The authority announced the issuance of Disciplinary Board Decision No. (34/2024 Disciplinary Board) (34/2024 Authority) against the company for violating listing rules for the following reasons:
  • The company violated the provisions of clause (2) of Article 1-16-1 of the 12th Book (Listing Rules) of the Executive Regulations of Law No. 7 of 2010 and its amendments for failing to provide the Boursa Kuwait and the Capital Markets Authority with its annual financial statements for the fiscal year ending December 31, 2023, within 90 days, which ended on March 31, 2024. The company delayed this until it disclosed the information to the exchange and the authority on April 22, 2024.

Capital Markets Authority

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