Kuwait-based IFA Faces Fine from Capital Markets Authority; Appeal Planned

11:16 AM EDT, 07/13/2026 (MT Newswires) -- Kuwait-based International Financial Advisors Holding (DFM:IFA), d/b/a IFA, received a financial penalty of 20,000 Kuwaiti dinars from the Capital Markets Authority, according to a Monday release. In addition, certain members of the financial advisory services group's board and its executive vice president were fined a total of 35,000 dinars. IFA said it is reviewing the grounds for the decision as it plans to file a grievance and appeal.