Regulatory Alerts2008-06-25
Instructions Concerning Financial Data Prepared for Stock Exchanges Where a Bank’s Shares Are Listed
The Central Bank of Kuwait requires local banks and investment companies to submit unified semi-annual and quarterly financial statements to the Kuwait Stock Exchange, excluding expected profit distributions and focusing on net profits as of June 30. These reports must disclose provisions no longer required for return to the Central Bank and apply consistent calculation bases for purchased debt bonds across reporting periods. Furthermore, institutions must notify the Central Bank in advance of any external stock market listings and deliver approved quarterly and annual financial statements before the respective exchange deadlines.
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