The accused shall be fined ten thousand dinars for each meter contrary to the order to remove the violations
The CEO of Amar Finance and Leasing Company was in violation of the municipality's fines
Further to our previous disclosure lawsuit No.537538/2015 on 25 January 2018, Please note that the report was booked on 26 December 2018.
The third quarter interim financial Statement for Amar Finance and Leasing (Amar), has been approved by Board of Director in board meeting no. 07/2018 dated 12th November, 2018.
Amar Finance & Leasing Company Board of Directors will hold its meeting on Monday 12/11/2017 to approve its interim financial statements for the third quarter of 2018.
Termination of Securities Activities
License for the following two securities activities has been terminated following Amar desire not to renew: -
• Investment Advisor
• Investment Portfolio Manager
Amar Finance & Leasing Company Board of Directors will hold its meeting on Sunday 30/09/2018 to discuss the future of the company.
The Board of Directors (BOD) meeting no. 06/2018 was held on 30/09/2018 as it was recommended to transfer the Company's activity to a holding company.
Amar Finance & Leasing Company Board of Directors will hold its meeting on Wednesday 07/08/2019.
The second quarter interim financial Statement for Amar Finance and Leasing (Amar), has been approved by Board of Director in board meeting no. 4/2018 dated 05th August, 2018.
Amar Board of Directors was held on Sunday 08th August, 2018 and approved the interim financial Statement for the period ending 30/06/2018.
Amar Finance & Leasing Company Board of Directors will hold its meeting on Sunday 05/08/2018 to approve its interim financial statements for the second quarter of 2018.
Nomination and End of services of the following staff members who were registered persons:
End Services of Mr. Mohammad Omar Jasser - Sharia Audit Officer
Nomination of Mr. Mohammad Saleem alrefaie - Sharia Audit Officer
End of the services of Mr. Mohamed Omar Jasser from the position of Sharia Audit
Officer on 04 June 2018 and appointment of Mr. Mohamed Salim Al Rifai for that position on the same date.
31/06/2018
Amar Board of Directors Meets on 05 August 2018
The Board of Directors of Amar Finance & Leasing Company will hold its meeting on Sunday 05 August 2018 at 1:00 PM to approve its interim financial statement for the Second quarter ended 30/06/2018.
The Board of Directors of Amar Finance & Leasing Company will hold its meeting on Wednesday 16 May 2018 at 1:00 PM to approve its interim financial statement for the First quarter ended 30/03/2018.
Amar Board of Directors was held on Wednesday 16 May 2018 and approved the first quarter interim financial Statement for the period ending 30/3/2018.
Further to the previous disclosure dated 08 December 2019 regarding settlement the debts of two of Amar Commercial Finance clients, Amar Finance and Leasing announces that a settlement contract was signed with one of the debtors and the settlement amount of KD 75,000 was received.
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.
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.
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.
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:
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.
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.
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.
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