Kuwait Court of Cassation principle number 677

The committee formed under the chairmanship of the Minister of Commerce and Industry, the Market Committee, is entrusted with managing the Kuwait Stock Exchange. It may undertake all measures necessary to manage the market, including excluding shares involved in a disclosure violation or improper disclosure 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. - The results of measures taken by the market administration to verify the accuracy of the information it receives. They must be submitted to the Market Committee to take such action concerning them as it deems appropriate.