Regulatory Alerts2010-04-22
Instructions on Financial Data Submitted to Stock Exchanges for Listed Banks
The Central Bank of Kuwait requires listed banks and investment companies to submit quarterly and annual financial statements to the regulator at least one week before their submission to relevant stock exchanges. For Islamic banks, these quarterly reports must exclude profit distributions from net profits to accurately reflect retained earnings. Institutions must also provide advance notification upon board approval of any external stock market listing and ensure timely regulatory review to meet exchange disclosure deadlines.
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