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May 26, 2020
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Arab Times

CMA to monitor shares

KUWAIT CITY, Oct 21: The Follow-up Committee for the Execution of Sentences against former Public Institute for Social Security (PIFSS) General Manager Fahad Al-Raja’an and his wife have asked the Capital Markets Authority (CMA) to monitor the shares of companies owned by them, reports Al-Rai daily.

The committee has not only requested the identification of shares directly owned by Al-Raja’an and his wife, but all that they entrusted to them through inheritance or through companies in which they own stakes. Informed sources said that the authorities are expected to follow the official correspondence of the Capital Markets Authority directed to companies and persons authorized to provide the required data, if any, and prepare reports on the details of ownership of stocks and contributions to funds and others

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