Author: SHERIF ELSAYED EISSA ATTIA

On 9 March 2015 and in accordance with the Law No. 7 of 2010 with regards to the establishment of the Capital Markets Authority (“CMA”) and the regulation of investment securities activities, the CMA grants The Securities House a 3...

The Securities House’s Board of Directors approves the appointment of the vice chairman, Mr. Fahed Faisal Boodai as the chief executive officer.  Mr. Boodai has been engaged with The Securities House and its group of companies in various leading positions...

The company signs a sale agreement on 31 December 2014, to sell 13.4 million shares of its subsidiary, Gatehouse Capital KSCC, (equivalent to 13.4% of the company’s share capital) to Gatehouse Bank plc for approximately KD 2.5 million.  This sale...

On 12 November 2014, the company signs a final debt settlement agreement with Kuwait Finance House to settle the outstanding debt owed to Kuwait Finance House amounting to KD 42.9 million in exchange for cash payment and the sale of...

In the board of directors meeting held on 25 September 2014, the board approves the change of the board’s current composition and the election of chief executive officer, as follows: ·   Mr. Ibrahim Yousef Al-Ghanim – Chairman ·   Mr. Ayman...

In the extraordinary General Assembly meeting held on 24 September 2014, the shareholders approve the change of the Articles of Association and Bylaws of the company to comply with the requirements of the new Companies Law No. 25 of 2012...

With reference to the Appeal Court ruling against the company on 24 April 2013 ordering it to settle an amount of KD 35.2 million to Kuwait Finance House and the company’s appeal against this ruling, the Cassation Court accepts on...

The company successfully settles its debt owed to Al Ahli United Bank amounting to KD 3.2 million in exchange for cash payment and the sale of 55 million shares of its investment in Gatehouse Bank plc (equivalent to 0.3% of...

With reference to the First Degree Court ruling against the company on 13 December 2012 ordering it to settle an amount of KD 35.2 million to Kuwait Finance House and the company’s appeal against this ruling, the Appeal Court confirms...