CMA halts KGL Transport Trading on KSE for failure to submit key documents to the regulator
Decision was taken as part of its mandate to safeguard investors and ensure strict compliance with Law No. 7 of 2010 governing the establishment of the Authority and the regulation of securities activities, along with its executive bylaws and subsequent amendments.
The Capital Markets Authority (CMA) has ordered the suspension of trading in the shares of Kuwait and Gulf Link Transport Company (K.S.C.C.) on the Kuwait Stock Exchange, citing the company’s failure to submit key documents requested by the regulator.
In a statement issued on Tuesday, the CMA said the decision was taken as part of its mandate to safeguard investors and ensure strict compliance with Law No. 7 of 2010 governing the establishment of the Authority and the regulation of securities activities, along with its executive bylaws and subsequent amendments.
The suspension follows Resolution No. 47 of 2025, issued by the CMA’s Board of Commissioners during its meeting held on December 30, 2025.
Under the decision, trading in the company’s shares will be halted effective December 31, 2025, in accordance with Article 1-20 (Clause 4) of Book Twelve (Listing Rules), which allows the Authority to suspend trading when a listed entity fails to provide required information or documentation within the scope of regulatory oversight.
The CMA clarified that the suspension will remain in effect until Kuwait and Gulf Link Transport Company submits documents related to settlement agreements and contractual arrangements that materially affect its financial statements for the year ending December 31, 2024.
These include settlement agreements supporting the partial assignment of an investment in its associate, KGL Logistics Company (K.S.C.P.), as disclosed in Note (7) of the financial statements, as well as lease contracts related to right-of-use assets referenced in Note (6) of the same statements.
The Authority has set February 1, 2026, as the final deadline for the submission of the required documents and any additional information deemed necessary.
The CMA warned that failure to comply may prompt a review of the company’s continued listing on the Kuwait Stock Exchange. In the interim, the company is required to submit weekly progress reports outlining the steps taken to resolve the issues leading to the suspension, starting from the date of the decision.
The Authority reiterated its commitment to exercising its supervisory role to protect investors, enhance transparency, promote fair competition and limit risks associated with securities activities, while ensuring full adherence to the regulatory framework governing Kuwait’s capital markets.
