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KSE Committee decision no. (3)
for the year 2007
After the perusal of the Decree issued
on 14/8/1983 organizing the Kuwait Stock Exchange.
And the decision of the Minister
of Commerce and Industry no. (35) for the year 1983 to issue KSE bylaws.
And the decision of KSE Committee
no. (1) for the year 2007 in respect of the rules and conditions for listing shareholding
companies in the official market.
And the decision of KSE Committee
no. (2) for the year 2007 in respect of the rules and conditions for listing shareholding
companies in the parallel market.
And according to the approval of
the Market Committee in its meeting no. (4) for the year 2007.
The following has been decided:
Article (1)
Dealing should be suspended in shares
of listed companies whose capital does not exceed 10 million Kuwaiti Dinars, if
the company increased its capital to 3 times the capital or more for the period
of 12 months from the meeting date of the general assembly which has issued this
decision.
Article (2)
This decision shall come into force
as of its issuance date and the Market Director shall execute it.
Engineer / Falah Fahad Al-Hajiri
President of Market Committee
Minister of Commerce and Industry
Issued on: 13/06/2007
27/05/1428 Hijri
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