Beyond Finance. Beyond Investment.

We would like to inform you that the Ordinary General Assembly Meeting of Amar Finance and Leasing Company for the financial year ended 31 December 2025 was held on Wednesday, 22 April 2026, at 10:30 a.m., at the Company’s head office, Al Ahleia Insurance Company – 2nd Floor, Meeting Room. The meeting was chaired by Mr. Abdullah Rashid Salem Bouqmaz, Chairman of the Board. All items on the agenda were approved with a legal quorum of 75.336%, as follows:

1. The Board of Directors’ report on the Company’s activities, financial position, and results for the financial year ended 31 December 2025 was discussed and approved.
2. The External Auditor’s report on the financial statements for the financial year ended 31 December 2025 was discussed and approved.
3. The financial statements for the financial year ended 31 December 2025 were discussed and approved.
4. Approval was granted to discharge the members of the Board of Directors and release them from liability in respect of their financial, administrative, and legal actions for the financial year ended 31 December 2025.
5. The Corporate Governance Report for the financial year ended 31 December 2025, including a schedule of total remunerations granted to the Board of Directors, executive management, and managers, was read and approved.
6. The Audit Committee Report for the financial year ended 31 December 2025 was read and approved.
7. The report of the Sharia Supervisory Board on the Company’s activities for the financial year ended 31 December 2025 was heard and approved. Shareholders were also informed that the Company’s Zakat for the financial year ended 31/12/2025, amounting to KWD 0.00101 per share, shall be borne by the shareholders.
8. The External Sharia Audit Report on the Company’s activities for the financial year ended 31 December 2025 was heard and approved.
9. The violations and penalties imposed on the Company by regulatory authorities during the financial year ended 31 December 2024 were reviewed. Mr. Abdullah Bouqmaz stated that warnings were issued in relation to two violations (No. M.H./27 and 44/2025) for breaching Article 139 of Law No. 7 of 2010 concerning the establishment of the Capital Markets Authority and regulation of securities activities and its amendments, as well as CMA Circular No. (2) of 2025 regarding awareness campaigns for financial institutions and designated non-financial businesses and professions in the State of Kuwait. This was due to the Company’s failure to attend awareness workshops held on 12/02/2025, 12/03/2025, and 19/03/2025. The Authority issued a warning emphasizing the need to comply with the law, its executive regulations, and related instructions.
   Additionally, a field inspection conducted by the Central Bank of Kuwait based on the Company’s financial position as at 30/06/2025 resulted in two violations:
   • The first related to the instructions issued on 24/04/2001 regarding financing policy regulation, due to failure to provide the Central Bank with the updated financing policy approved on 28/02/2023.
   • The second related to failure to include certain obligations of a financing portfolio client in the report (Form A.M.18) submitted to the Central Bank as at 30/06/2025.
     No financial impact resulted from this inspection.

1. Approval of allocating 10% to the statutory reserve, amounting to KWD 89,456.
2. Approval of allocating 10% to the voluntary reserve, amounting to KWD 89,456.
3. Approval of the Board of Directors’ recommendation not to distribute remuneration to Board members for the financial year ended 31 December 2025.
4. Approval of the Board of Directors’ recommendation not to distribute dividends to shareholders for the financial year ended 31 December 2025.
5. Approval to authorize the Board of Directors to buy or sell treasury shares not exceeding 10% of the Company’s issued shares at market value, in accordance with the provisions of the Executive Regulations of Law No. 7 of 2010.
6. Approval for the Chairman and Board members to hold memberships in the boards of other competing companies, engage in competing activities, or trade for their own account or others in activities similar to those of the Company.
7. Approval of the report on related party transactions conducted during the financial year ended 31 December 2025.
8. Approval to allocate an amount of KWD 5,000 (Five Thousand Kuwaiti Dinars only) for the Corporate Social Responsibility program for the year 2026.
9. Approval to reappoint Mr. Abdul Latif Mohammad Al-Aiban from Grant Thornton – Al-Qatami & Al-Aiban as the Company’s external auditor for the financial year ending 31 December 2026, and to authorize the Board of Directors to determine his fees.
10. Approval to reappoint the following members of the Sharia Supervisory Board from Bait Al-Mashura Finance Consultations Office for the financial year ending 31 December 2026, with authorization to the Board to determine their fees:

• Dr. Abdulaziz Khalifa Al-Qassar
• Dr. Issam Ibrahim Al-Enezi
• Dr. Ali Ibrahim Al-Rashed

1. Approval to appoint Shura Sharia Consultancy Company as the external Sharia auditor for the financial year ending 31 December 2026, with authorization to the Board to determine its fees.
2. The following members were elected to the Board of Directors of Ammar Company for the next three years (2026–2028):

Mr. Abdullah Rashid Salem Bouqmaz – representing Abdullah Al-Saad & Partners – Non-Executive

Mr. Hamad Mohammad Abdullah Al-Saad – Self – Non-Executive

Mr. Bader Hamad Abdullah Al-Rubaia – Self – Non-Executive

Mr. Mohammad Abdullah Mohammad Al-Saad – representing Al Ahleia Insurance Company – Executive

Mr. Anwar Ahmad Abdullah Al-Hunaidi – Self – Non-Executive / Independent.There is no financial impact on the Company’s financial position.

The Extraordinary General Assembly Meeting of Amar Finance and Leasing Company for the year 2026 was held on Wednesday, 22 April 2026, at 11:00 a.m., at the Company’s head office, Al Ahleia Insurance Company – 2nd Floor, Meeting Room. The meeting was chaired by Mr. Abdullah Rashid Salem Bouqmaz, Chairman of the Board. All items in the agenda were approved with a legal quorum of 75.336%, as follows:

First Item:
Approval of the Board of Directors’ recommendation to cancel the license to practice the activity of an unlisted securities broker, due to the non-exercise of this activity during the previous period and in light of the Company’s direction toward restructuring its activities in a manner that achieves optimal utilization of operational and strategic resources. This measure comes within the framework of enhancing operational efficiency, rationalizing costs, ensuring compliance with the principle of proportionality between licensed activities and actual operations, and focusing on priority regulatory and operational activities of Ammar Finance and Leasing Company.

Second Item:
Approval to amend Article (5) of the Article of Association and Article (4) of the Memorandum of Association of Ammar Finance and Leasing Company to be as follows:

Without prejudice to the provisions of Law No. 01/2016 issuing the Companies Law, its amendments, and its Executive Regulations, the purposes for which the Company was established are as follows:

1. Management and development of land and real estate (682022).
2. Property management (682021).
3. Financial services (641933).
4. Investment of surplus funds in financial portfolios managed by specialized companies and entities (649918).
5. Trading in shares and bonds for the Company’s own account (649917).
6. Establishing companies or participating with others to carry out the Company’s activities (642061).
7. Ownership of real estate and movable assets for the benefit of the Company (681091).
8. Managing and leasing of owned or leased real estate (681020).
9. Buying and selling land and real estate (681010).
10. Collective investment scheme manager (650220).

Provided that all such activities shall be conducted in accordance with the provisions of Islamic Sharia, and under no circumstances shall any of these purposes be interpreted as permitting the Company, directly or indirectly, to engage in usurious (interest-based) activities or any activities that violate the principles of Islamic Sharia transactions.

The Company may carry out the aforementioned activities in the State of Kuwait and abroad, either directly or through agency. The Company may also have interests in, or participate in any manner with, entities conducting similar or complementary activities that assist in achieving its objectives, whether in Kuwait or abroad, and may establish, participate in, acquire, or affiliate with such entities. There is no financial impact on the Company’s financial position.

Amar Finance and Leasing Company has incorporated Reyhan Al Khaleej Holding Company (Single Person Company) in the State of Kuwait. The company is a wholly owned subsidiary (100%) of Amar Finance and Leasing Company, with a share capital of 2,000 KD. There is no financial impact on the Company’s financial position.