Capital Markets Authority of Kuwait

07/20/2025 | Press release | Distributed by Public on 07/20/2025 03:24

Announcement Regarding the Issuance of the Board of Commissioners Resolution on the imposition of a Financial Penalty against Al Masar Leasing & Investment Company (K.S.C.C.)

Title: Announcement Regarding the Issuance of the Board of Commissioners Resolution on the imposition of a Financial Penalty against Al Masar Leasing & Investment Company (K.S.C.C.) for its procedural violation of the Provisions of Module Sixteen (Anti- Money Laundering and Combating Financing of Terrorism) of the Executive Bylaws of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and their amendments

Date Publish 20 July 2025

The Board of Commissioners decided in its meeting No. (21/2025) held on 16/07/2025 to impose a financial penalty on Al Masar Leasing & Investment Company (K.S.C.C.) for its procedural violation of the provisions of Module Sixteen (Anti- Money Laundering and Combating Financing of Terrorism) of the Executive Bylaws of Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and their amendments.

The aforementioned decision included the imposition of the following financial penalty:

  • Imposing a financial penalty of KWD 6,000 for violating the provision of Article (6-1) of the aforementioned Module.

In this regard, the CMA confirms its implementation of Law No.7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws and their amendments, on all persons dealing in securities activities, and urges them to comply with them 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 in securities activities.

Disclaimer: The information provided on this page is for reference purposes only, visitors are encouraged to review and understand the information provided in the official scanned document attached in the link above (if available). The CMA endeavors to ensure that the information on this page is complete and accurate, but the CMA does not guarantee the quality, accuracy, or completeness of any content at any time. In the event the information on this page is different from the content in the official scanned document attached in the link (if available), the official scanned document attached shall take precedence.
Capital Markets Authority of Kuwait published this content on July 20, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on July 20, 2025 at 09:24 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]