Category: Disclosures

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...

With reference to the lawsuits filed by Kuwait Finance House against the company, requesting the repayment of total outstanding debt owed to it amounting to KD 43.3 million, on 13 December 2012 the First Degree Court issues a ruling in...

The company receives a lawsuit notification letter, filed by its major creditor, Kuwait Finance House, against the company requiring the repayment of the total outstanding debt owed to it amounting to KD 43.3 million.  The company’s management is currently working...

The company successfully settles its debt owed to Burgan Bank of amounting to KD 10.2 million in exchange for the sale of 984.5 million shares of its investment in Gatehouse Bank plc (equivalent to 6.2% of the bank’s share capital)...

The company successfully settles its debt owed to Gulf Bank against amounting to KD 1.7 million in exchange for cash payment and the sale of 166.6 million shares of its investment in Gatehouse Bank plc (equivalent to 1.1% of the...

The company successfully settles its debt owed to Commercial Bank of Kuwait amounting to KD 11.9 million, in exchange for cash payment and the sale of 1.15 billion shares of its investment in Gatehouse Bank plc (equivalent to 7.3% of...