Title: CMA Circular No. (08) of 2025 to All Listed Companies, Licensed Persons, Collective Investment Schemes, Investment Funds Under Liquidation, Auditors Registered with the CMA, and Market Participants Regarding Extending the Current Disclosure Submission Platform at Boursa Kuwait Securities Exchange (CIP System)

Based on the evaluation of the first three months following the launch of the mandatory application phase of the XBRL Electronic Disclosure System “Ifsah 2 Disclosure System”, which began on January 5, 2025, and in order to enhance the capacity and readiness of all companies and relevant parties to effectively deal with the new “Ifsah 2 Disclosure System” and fully meet its requirements, it has been decided to extend the operation of Boursa Kuwait’s current disclosure platform (CIP system).

Accordingly, companies and relevant entities shall continue submitting their disclosures and reports to the Boursa Kuwait via the “CIP” system until June 30, 2025. This extension aims to ensure a smooth transitional period, allowing companies and stakeholders to adapt to the iFSAH System and meet the requirements as required.

The CMA also confirms the continued obligation to submit the same disclosures and all related data and information (including financial statements, capital adequacy reports, disclosure forms to Boursa Kuwait, and general assembly requests) to the CMA via the XBRL Electronic Disclosure System “Ifsah 2 Disclosure System”. This system will become the primary source of disclosures and information published on Boursa Kuwait’s dedicated XBRL disclosure portal.

Updating Entity Profile Information:

All companies and relevant entities registered on the electronic disclosure system based on the XBRL Electronic Disclosure System “Ifsah 2 Disclosure System” must promptly update their entity profile data and information in the system in the event of any changes. These updates are critical, as they directly impact  this accuracy and integrity of the data disclosed to the market via Boursa Kuwait’s website.

Failure to update this information may also affect system functionalities and disclosure requirements, both of which must be adhered to in line with any updates. Timely and accurate updates are essential to support higher levels of transparency and trust in market activities.

Introductory Website and Awareness & Training Workshops:

A dedicated awareness section has been created on the CMA’s website under the "Awareness" page "Disclosure System". This section contains all relevant guidelines, explanatory materials and recorded videos related to the system's features and working mechanisms.

This section can also be accessed by visiting the login page for the electronic disclosure system based on the XBRL Electronic Disclosure System “Ifsah 2 Disclosure System”, which includes the special link for this site.

Introductory website link: https://www.cma.gov.kw/en/web/ifsah

Inquiries and Technical Support  For inquiries related to submitting disclosures and reports related to the electronic disclosure system based on the XBRL Electronic Disclosure System “Ifsah 2 Disclosure System” - whether directed to the CMA or Boursa Kuwait- please use the inquiries feature within  the system.

For technical support and troubleshooting, you may contact us through the following channels:

Prof. Ahmad Al-Melhem

Issued on: 25/03/2025

Copy of the Official Document