Kuwait Court of Cassation principle number 1535

The committee constituted under the chairmanship of the Minister of Commerce and Industry is entrusted with managing the Kuwait Stock Exchange. It may undertake all procedures necessary to manage the market, including excluding shares involved in a violation from the quorum required for convening the general assembly of the joint-stock company from voting on resolutions adopted by the assembly for two electoral terms in the event of a violation of the provisions of the law. - Results of the procedures taken by the market administration to verify the accuracy of the information it receives. They must be submitted to the market committee to take whatever action it deems appropriate concerning them. - Joint-stock companies that do not offer their shares in a public depression (closed companies):-