On 13 November 2023, KUW CMA fined Ekttitab disclosure, governance violations.
- KUW CMA issued disciplinary Resolution No. 31/2023 fining Ekttitab Holding Company.
- Violated Module 10, 15 of Executive bylaws of Law No. 7/2010 and its amendments.
Violations
- Ekttitab firm violated Module 10, article 4-1-1, item 3 re disclosure and transparency.
- Company's chairman of board of directors, vice chairman, board of directors members members violated provisions of Module 15 re corporate governance articles 3-1, 7-1.
Penalties
- Levied financial penalty on Ekttitab Holding Company in amount of 5,000 KUW dinars.
- Fined board of directors chairman, vice chairman, members of 50k KUW dinars each.c
