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KUWAIT: Jazeera Airways CEO Fined KWD 25,000 Over Share Dealings

KUWAIT CITY, Kuwait: Kuwait's Capital Markets Authority has fined the chief executive of Jazeera Airways KWD 25,000 for trading during a blackout period and disclosing a share purchase late.

KUWAIT CITY, Kuwait

  • Kuwait's Capital Markets Authority (CMA) has fined the chief executive of Jazeera Airways (J9) a total of KWD 25,000 Kuwaiti dinars (USD 81,500).
  • The penalty came from a disciplinary board decision announced by the regulator on 4 November 2026.
  • The larger part, KWD 20,000 (USD 65,200), relates to trading during a blackout period.
  • The executive, Barathan Pasupathi, bought 59,536 company shares on 17 June 2026. That fell inside the ten working days before the end of a financial quarter, when insiders may not trade.
  • A further KWD 5,000 (USD 16,300) was imposed for a late disclosure.
  • He bought 9,009 shares on 14 June 2026, but the deal was not disclosed until 17 June, outside the legal deadline.
  • The report did not cite the specific legal provisions, or mention any right of appeal.
  • Jazeera Airways has been contacted for comment.

Source:

Kuwait Jazeera Airways Regulatory

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