Launch Partners

Launch Partners

Wethaq Takaful fined for violation

KUWAIT: The Kuwaiti Capital Market Authority has fined Wethaq Takaful KWD3,000 (US$9,758.31) for violating the rules of disclosure and transparency. The Takaful operator had failed to disclose the results of their board of directors meeting on the 27th December 2022, during which the company’s five-year business plan was approved.

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