Article (1)

The following conditions should be existing in shareholding companies that apply for listing it's shares in the parallel market.

Article (2)

The companies issued capital should be fully paid and should not be less than 3 million Kuwait Dinar or its equivalent amount in foreign currency.
The total shareholders’ rights must not be less than the amount of the paid – up capital according to the last audited annual financial statements before the request of the date to be listed.

Article (3)

The company should have achieved profit for at least the previous 2 years. The total average profit for the two years must not be less than 5% from the paid – up capital.

Article (4)

The numbers of shareholders of the company must at least be 50 shareholders.

Article (5)

The company’s share should be tradeable according to the rule of the bylaws at the time of it's inception taking in consideration that the period it must pass in order to trade it's shareholders or it's founders shares must not be less than the period requested by the Kuwaiti companies law.

Article (6)

In case, the application to be listed is presented by a closed company which has increased its capital more than 50%, the elapsed time since this increase must be 1 year from the date it registered in the commercial registrar.

Article (7)

In case; the application is presented by a closed company that has changed its judicial status from being a limited liability company to a closed shareholding company; a year must elapse on this change from the date of it's registration in the commercial registrar with the transfer resolution.

Article (8)

A non-Kuwaiti company should be listed in it's country of origin stock market.

Article (9)

The board member of the company shall undertake to adhere with all the rules and regulations set by K.S.E, and to provide K.S.E management with all the required declarations and information provided that this information is correct and reliable.

Article (10)

The company should keep it's registrar with the clearing chamber and to adhere to all the related instructions issued by the market.

Article (11)

Attain the approval of the company's general assembly to enlist the company's shares on K.S.E.

Article (12)

Strategic shareholders in closed companies applying to list in KSE must hold their shares (i-e all shareholders who own 5% or more in the company's capital) and not less than 25% from the company's capital. In case the total average of ownership of strategic shareholders is less than 25% from the company's capital it will be permitted to conclude this deficiency from other shareholders whose ownership is less than 5% from the company's capital. All strategic shareholders must abide with the following:

a) Not to act with 50% from the total average of strategic shares until after one year from the date of enlisting.

b) Not to act with 50% from the total average of strategic shares that are balanced until after two years from date of enlisting.

Exception to that will be incase one of the strategic shareholders decides to sell all his shares to a new shareholder but he must abide with the period stated above that starts with the date of listing the company in the market.

Article (13)

The company shall abide to pay the amount of Three Thousand Kuwaiti Dinars as a registration fee (KD3000) and an annual membership fee of (.05%) out of the paid-up capital of the company and not exceeding twenty five thousand Kuwaiti Dinars (KD25,000).