24/04/2018

Disclosure of Lawsuits and Judgments
The request for “a stay of execution” for the amount of KD 2,621,000 in respect of cases 762/2018 urgent1, 538,537 / 2015 - Civil Cassation / 3 was rejected. Judgment shall be implemented in favor of the other parties.

17/04/2018

Results of the AGM
The ordinary General Meeting of Amar Finance and Leasing Company for the fiscal year ended 31/12/2017 was held at 12:00 PM on Tuesday 17th April 2018 at main hall 3 in the Public Authority for Industry. All agenda article were approved during the meeting.

27/03/2018

AGM to be held on 17/04/2018
The AGM of Amar finance and leasing company for the fiscal year ended 31/12/2017 shall be held on Tuesday 17th April 2018 at 12:00 PM at the main hall 3 at Public Authority for Industry building. 

1/3/2018

Financial Statements Results

 The Board of Directors of Amar Finance and Leasing Company held its meeting on Thursday 01/03/2018 at which the following was discussed and approved:

• Approval of the financial statements for the period ended 31 December 2017.
• Recommendation not to distribute dividends for the financial year ended 31 December 2017.
• Approval of the company’s Annual General Meeting (AGM) agenda.

 25/1/2018

Supplementary Disclosure of essential information            

Further to the previous disclosure on 25 January 2018 in respect of lawsuit No. 538,537 / 2015, civil / 3 -Cassation for which a provision of KD 2,255,000 was allocated, please note that the issued judgment obliged the company to pay the amount of KD 2,621,000.

 25/1/2018

Disclosure of essential information

 Further to case No. 538,537 / 2015 civil / 3 appeal, we came to know that a judgment in favor of the other party was issued.

 18/1/2018

Supplementary Disclosure in respect of a lawsuit

 Further to the appeal judgment which obliged Amar Finance and Leasing Company with KD 2,255,000, and which was appealed to the Court of Cassation under No. 538,537 / 2015 Civil / 3,

The case is reserved for judgment on 24 January 2018. The related case No. 4186/2015 Commercial, pertaining to the claim for the value of renting the property subject of the case, will be viewed on 14/02/2018.

As for the relevant case No. 8636/2015 commercial, related to requesting an expert for the claim of the value of financing, which was rejected on 15/01/2018, however, the judgment will be appealed.

 27/12/2017

Temporary Suspension of Activity

 At the request of Amar Finance and Leasing Company, the Capital Market Authority approved the temporary suspension of the company’s Investment Adviser and Investment Portfolio Manager Activities.

02/10/2017

Amar General Assembly will be meet on 26 November 2017

 The Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) of Amar Finance and Leasing Company will be held on Sunday, November 26, 2017, at 11:00 am at the main hall (2) - Public Authority for Industry.

 31/10/2017

The Board of Directors meets today

 Amar Board of Directors will meet today at 1:00 pm to discuss and approve the financial statements for the third quarter, 2017.

 26/10/2017

The Board of Directors meets on 31 October 2017

 Amar Board of Directors will meet on Tuesday, 31 October 2017 at 1:00 pm, to discuss and approve the financial statements for the third quarter, 2017.

 22/10/2017

Resignation of Financial Analyst

 Amar Financial Analyst has resigned. His last working shall be 27th October 2017.

02/10/2017

Supplementary Disclosure - property Sale completed

The ownership of the property located in Salmiya has been transferred for a total amount of KD 7,700,000. Amar will record a net profit of approximately KD 230,000 in the fourth quarter, 2017 financial statements

21/08/2017

Disclosure of Essential information

 Amar has allocated 1,451,123 of GFH Financial Group shares resulting from exchange of shares with GHF Financial Group based on its ownership in Morocco Gate Investment Company project and Mumbai Investment Company for Information and Communication Technology.

 As a result, the amount of KD 26.8 thousand will be recorded as profit during the third quarter of 2017.

21/08/2017 

Complementary Disclosure - Selling a property

Complementary Disclosure regarding selling the property in Salmiya, Salem Al Mubarak St. Block (49) Plot (17).

21/08/2017

Disclosure - Selling a property

Amar Finance & Leasing Company announces the sale of the property located in Salmiya - Salem Al Mubarak Street Block (49) Plot (17) with a total amount of KD 7,700,000 (Kuwaiti Dinars Seven Million Seven Hundred Thousand only).

10/08/2017

End of Employee Services

Resignation of the Executive Vice President of the Investment and Corporate Planning Department who is a registered person.

08/08/2017

Amar Board meeting Results

The second quarter interim financial Statement for Amar Finance and Leasing (Amar), has been approved by Board of Directors in Board Meeting no. 05/2017 dated 08th August, 2017.

06/08/2017

Amar Board of Directors meets on 08 August 2017

The Board of Directors of Amar Finance & Leasing Company will hold its meeting on Tuesday 08 August2017 at 1:00 PM to approve its interim financial statement for the second quarter ended 30/06/2017.

04/06/2017
Disclosure of Board of Directors Meeting

The Board of Directors of Amar Finance and Leasing Company held its fourth meeting for 2017 and the Board of Directors was formed as follows:

- Mr. Abdullah Rashid Salim Bou-Qammaz - Chairman
- Mr. Bashar Naser Al-Tuwaijri - Vice Chairman
- Mr. Abdul Fatah Mohamed-Rafie Marafi - Board Member
- Mr. Abdullah Ali Abdullah Alsane - Board Member
- Mr. Talal Sultan Ali AlShehab - Board Member
- Mr. Hamad Mohamed Al-Saad - CEO and Board Member
Mr. Mohammad Essam Faidi was also reappointed Board Secretary

31/05/2017
Board of Directors' Meeting
Amar Finance & Leasing Company Board of Directors will hold its meeting on Sunday 04/06/2017 to form the Board of Directors for its new session for the next three years 2017-2019.

30/5/2017
The results of the Ordinary General Meeting for the financial year ended 31/12/2016

The Ordinary General Assembly of Amar Finance and Leasing Company for the fiscal year ended 31/12/2016 was held on Monday 29 May 2017 at Main Hall 2 in the Public Authority for Industry.

29/05/2017
Annual General Meeting (AGM) will be held today

Reminder that the AGM of Amar Finance and Leasing Company will be held on Monday 29 May 2017 at 10:30 a.m.

16/5/2017
Amar Board meeting Results

The first quarter interim financial Statement for Amar Finance and Leasing (Amar), has been approved by Board of Director in board meeting no. 4/2017 dated 16th May, 2017.

16/5/2017
First quarter interim financial Statement

The first quarter interim financial Statement for Amar Finance and Leasing (Amar), has been approved by Board of Director in board meeting no. 4/2017 dated 16th May, 2017.

15/05/2017
Amar Board of Directors meets on 16 May 2017

The Board of Directors of Amar Finance & Leasing Company will hold its meeting on Tuesday 16 May 2017 at 1:00 pm to approve its interim financial statements for the first quarter ended 31/3/2017.

10/5/2017
AGM to be held on 29/5/2017

The AGM of Amar Finance and Leasing Company for the fiscal year ended 31/12/2016 shall be held on Monday 29 May 2017 at 10:30 A.M. at the main hall 2 at the Public Authority for Industry Building.




08/5/2017
Amar Board meeting Results

The first quarter interim financial Statement for Amar Finance and Leasing (Amar), has been approved by Board of Director in board meeting no. 4/2017 dated 16th May, 2017. Board of Directors (BOD) meeting no. 03/2017 was held on 07/5/2017. During the meeting, the interim financial statements of Amar Finance and Leasing Company for the period ended 31/3/2017 were reviewed and approved for submission to the regulatory authorities.

07/05/2017
Reminder - Board of Directors' Meeting shall be held today

Amar Finance & Leasing Company Board of Directors will hold its meeting today Sunday 07/05/2017 at 01:00 P.M. to discuss the interim financial statements of Amar Finance and Leasing Company for the period ended 31/3/2017.

04/05/2017
Amar Board of Directors meets on 07 May 2017

The Board of Directors of Amar Finance & Leasing Company will hold its meeting on Sunday 07 May 2017 at 1:00 p.m. to discuss the interim financial statements of the Company for the first quarter ended 31/3/2017.

29/03/2017
Disclosure of important information

End of services of the following staff members who were registered persons:

Mr. Nezar Bader Al Abdulrazzaq - Compliance Officer
Mr. Rahul Sagi - Investment Advisor Representative

06/03/2017
Amar Board of Directors recommends not to distribute dividends

The Board of Directors of Amar met on Monday 06/03/2017 and approved the financial statements for the year ended 31 December 2016.

05/03/2017
Amar Board of Directors Meet on Monday to discuss the financial statements

The Board of Directors of Amar shall meet on Monday 06/03/2017 to discuss the financial statements for the year ended 31 December 2016.

10/01/2017
Nomination for the Board of Directors of Amar is now open

Amar announces the opening of the candidacy for membership of the Board of Directors for its new session (2017 - 2019). Applications for candidacy will be received within two weeks from the date of publication of the announcement in the newspapers and on company's website.

04/12/2016
CMA approves Amar’s request to trade in its treasury shares

Capital Markets Authority approves Amar’s request to trade in its treasury shares with a maximum limit of 08% of its capital for a period of six months with effect from the date of approval, taking into account that the total purchase amount will not exceed the amount of available funding based on articles of law No. 7 of 2010, its implementing policy and the relevant regulating resolutions and conditions issued by regulators.



16/11/2016
Amar Board meeting Results

The third quarter interim financial Statement for Amar Finance and Leasing (Amar), has been approved by Board of Director in board meeting (scrolling) no. 5/2016 dated 15th November, 2016.

Amar third quarter results for the period ended 30 September 2016

Amar has obtained CMA approval for the interim statements for the third quarter of 2016. Attached is the required form for the interim statements for the period ended 30/9/2016.

15/11/2016
Amar Board of Directors Meets today to discuss the 2016 third quarter financial statements

The Board of Directors of Amar shall meet today Tuesday 15/11/2016 to discuss 2016 third quarter interim financial Statement.

15/08/2016
Amar 2nd quarter results for the period ended 30 June 2016

Amar has obtained CMA approval for the interim statements for the second quarter of 2016. Attached is the required form for the interim statements for the period ended 30/6/2016.

01/06/2016
CMA approves Amar’s request to trade in its treasury shares

Capital Markets Authority approves Amar’s request to trade in its treasury shares with a maximum limit of 10% of its capital for a period of six months with effect from 30/5/2016, taking into account that the total purchase amount will not exceed the amount of available funding based on articles of law No. 7 of 2010, its implementing policy and the relevant regulating resolutions and conditions issued by regulators.

16/05/2016
Amar annual General Meeting (AGM)

Amar Ordinary and Extraordinary AGM for the fiscal year ended 31/12/2015 was held on Sunday 15 May 2016 at the Ministry of Commerce and Industry. The Ordinary AGM approved the following:

First: Not to distribute cash dividends for the financial year ended 31/12/2015.
Second: Not to distribute bonuses to Board members for the financial year ended 31/12/2015.
Third: Re- appointment of Mr. Waleed Abdullah Al Osaimi from Al Aiban, Al Osaimi & Co. as the Company's auditor and appointment of Mr. Mohamed Hamad Al Sultan from Baker Tilly Kuwait as Amar second auditor for the fiscal year ended 31/12/2015.
Fourth: The following personnel from Al Mashora and Al Raya for Islamic Financial Consulting were appointed to carry out Sharia auditing and supervision for the financial year ended 31/12/2015:
Dr. Abdul Aziz Al-Qassar
Dr. Issa Zaki Issa
Dr. Ali Ibrahim Al Rashed

15/05/2016
Annual General Meeting (AGM) will to be held on 15/5/2016 to discuss 2015 financial statement

The Annual General Meeting (ordinary and Extraordinary) of Amar Finance & Leasing Company for the fiscal year ended 31/12/2015 were set for Sunday 15 May 2016 at hall no. 8 at the Ministry of Social Affairs and Labor.





16/05/2016
Amar profit reached KD 64 thousand for the three months ended on 31-3-2016

Attached is the interim financial statements for the three month period ended March 31, 2016

01/05/2016
Amar Board of Directors Meets on 01/05/2016 to discuss the 2016 third quarter financial statements

The Board of Directors of Amar shall meet today Tuesday 15/11/2016 to discuss 2016 31/3/2016 interim financial Statement.

21/04/2016
Annual General Meeting (AGM) will to be held on 15/5/2016 to discuss 2015 financial statement

The Annual General Meeting (ordinary and Extraordinary) of Amar Finance & Leasing Company for the fiscal year ended 31/12/2015 were set for Sunday 15 May 2016 at hall no. 8 at the Ministry of Social Affairs and Labor. (The Company was suspended from trading until the AGM was held).

07/03/2016
Amar Board of Directors recommends not to distribute dividends for the fiscal year ended 31/12/2015

09/12/2015
Clarification from Amar Finance and Leasing Company

An agreement to obtain bank financing in accordance with the provisions of the Islamic Shariah was concluded with a local bank for the value of KD 3,000,000 (only three million Kuwaiti Dinars) for a period of seven years for the purpose of financing the real estate activities of the Company.

26/11/2015
CMA approves Amar’s request to trade in its treasury shares

Following its previous announcement on 25-11-2015, regarding the approval by the Capital Markets Authority of Amar request to buy or sell its shares, Kuwait Stock Exchange (KSE) announces based on information received from Amar that CMA approved Amar’s request to trade in its treasury shares with a maximum limit of 08% of its capital for a period of six months with effect from 22/11/2015, taking into account that the total purchase amount will not exceed the amount of available funding based on articles of law No. 7 of 2010, its implementing policy and the relevant regulating resolutions and conditions issued by regulators.

25/11/2015
CMA approves Amar’s request to trade in its treasury shares

Kuwait Stock Exchange (KSE) announces that CMA approved Amar’s request to trade in its treasury shares with a maximum limit of 10% of its capital for a period of six months with effect from 22/11/2015, taking into account that the total purchase amount will not exceed the amount of available funding based on articles of law No. 7 of 2010, its implementing policy and the relevant regulating resolutions and conditions issued by regulators.

09/11/2015
Amar losses reached KD 655 thousand for the nine months ended 30-09-2015.

09/08/2015
Amar losses reached KD 506 thousand for the 6 months ended 30-06-2015.

14/05/2015
Amar losses reached KD 938 thousand for the three months ended 31-03-2015.



12/05/2015
CMA approves Amar’s request to trade in its treasury shares

CMA approved Amar’s request to trade in its treasury shares with a maximum limit of 10% of its capital for a period of six months with effect from 11/05/2015, taking into account that the total purchase amount will not exceed the amount of available funding based on articles of law No. 7 of 2010, its implementing policy and the relevant regulating resolutions and conditions issued by regulators.

23/4/2015

Kuwait Stock Exchange (KSE) announces that Amar AGM will be held on Thursday, 23/4/2015 at 10:00 am at the Ministry of Commerce and Industry. The Board of Director’s recommendation not to distribute dividends for the financial year ended 31/12/2014 will be discussed. This recommendation shall be subject to approval by the AGM, the Board of Directors and the Supervisory Authorities. Other agenda items will also be discussed. Note that the company is suspended from trading in accordance with the decision of Market Committee No. 4 of 2007 regarding the dates of the AGMs of listed companies and will be able to trade again in its treasury after holding its AGM.

23/4/2015

Kuwait Stock Exchange (KSE) announces that Amar AGM was held on Thursday, 23-04-2015. The AGM agreed not to distribute profits for the financial year ended 31/12/2014.

16/4/2015

Following its previous announcement on 25-11-2015, regarding Amar AGM, and in accordance with the decision of the Market Committee No. 4 of 2007 regarding the dates for holding AGMs of Listed Companies which stipulates that listed companies should hold its AGM within 45 days from the date of CMA approval of their annual financial statements. The trading in the Company's shares will be suspended as of Thursday 16/4/2015 until its general assembly convenes.


31/03/2015
Amar Annual General Meeting (AGM) will to be held on 23-4-2015 to discuss 2014 financial statement


Kuwait Stock Exchange (KSE) announces that Amar AGM will be held on Thursday, April 23, 2014 at 10:00 am at the Ministry of Commerce and Industry. The Board of Directors will discuss the Board's recommendation not to distribute dividends for the year. Financial ended 31/12-2014. This recommendation shall be subject to approval by the AGM, the Board of Directors and the Supervisory Authorities. Other agenda items will also be discussed.

26/3/2015
Issuance Of Appeal Judgment

Amar Finance and Leasing Company declares the issuance of appeal judgment in case No. 3137/2014 civil appeal / 12 filed by a customer against the company with regard to the legitimacy of a primary sale contract (real estate). The Judgment obliged Amar Finance and Leasing Company to pay Kuwaiti Dinar Two Million Two Hundred and One Thousand being sale price and compensation fee.

Accordingly, Amar Finance and Leasing Company has taken measures to present the case before the Court of Cassation with a request to suspend execution until final judgment issued in the following related cases: Commercial/17 No: 6434/2012, commercial/2 No.: 6772/2013, Commercial/ 9 No.: 5226/2014, Commercial/4 No.: 3912/2014.

17/2/2015
Amar Finance and Leasing Board recommends not to distribute dividends.

26/3/2015
Issuance of Appeal Judgment

Amar Finance and Leasing Company declares the issuance of appeal judgment in case No. 3137/2014 civil appeal / 12 filed by a customer against the company with regard to the legitimacy of a primary sale contract (real estate). The Judgment obliged Amar Finance and Leasing Company to pay Kuwaiti Dinar Two Million Two Hundred and One Thousand being sale price and compensation fee.

Accordingly, Amar Finance and Leasing Company has taken measures to present the case before the Court of Cassation with a request to suspend execution until final judgment issued in the following related cases: Commercial/17 No: 6434/2012, commercial/2 No.: 6772/2013, Commercial/ 9 No.: 5226/2014, Commercial/4 No.: 3912/2014.