Kuwait Court of Cassation principle number 848

The committee formed pursuant to Article Five of the decree issued on 14/8/1983 regulating the Kuwait Stock Exchange. Its competence to manage the market, and its power to impose the sanction of excluding shares subject to - 256 - Administrative a violation of the provisions of this law or the decisions issued pursuant thereto from the quorum necessary for the valid convening of the company's general assembly and from voting on the resolutions adopted by the assembly for two electoral terms. The committee may establish the conditions, time limits, and means by which interests in shares are disclosed.