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.
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.
The Board of Directors of Amar shall meet today Tuesday 15/11/2016 to discuss 2016 third quarter interim financial Statement.
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.
Amar Board of Directors recommends not to distribute dividends for the fiscal year ended 31/12/2015
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.
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
Attached is the interim financial statements for the three month period ended March 31, 2016
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 Board of Directors of Amar shall meet today Tuesday 15/11/2016 to discuss 2016 31/3/2016 interim 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).
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