Further to our previous disclosure dated 05 December 2019 regarding the results of BOD meeting, kindly note that the total accumulated debt for the two clients subject to settlement amounts to approximately 1,300,000 Kuwaiti dinars.
The settlement procedures are being processed with the aforementioned clients, and will be disclosed upon signing the final settlements
The Board of Directors (BOD) meeting no. 07/2019 was held on 05/12/2019. BOD agreed to settle the debts of two Commercial Finance clients.
Amar Finance & Leasing Company Board of Directors will hold its meeting on Thursday 05/12/2019 to discuss settlement of some Commercial Finance clients’ debts.
The Board of Directors (BOD) meeting no. 06/2019 was held on 27/11/2019 where: -
- Estimated budget and work plan for 2020 was approved.
- The proposal to reduce the capital was rejected at the present time.
Amar Finance & Leasing Company Board of Directors will hold its meeting on Wednesday 24/11/2019 to discuss and approve the following points: -
- Estimated budget and work plan for 2020
Amar Finance and Leasing Company's Board of Directors Meeting was held on Thursday 31 October 2019 at 1:00 pm. The Board approved the financial statements for the period ended 30 September 2019.
The Board of Directors of Amar Finance & Leasing Company will hold its meeting on Thursday 31 October 2019 at 1:00 pm to discuss and approve its interim financial statement for the Third quarter ended 30/09/2019.
Case No. 2351/2019 Municipal Misdemeanors - 4 has been joined to the previous case no. 10232/2017 Municipal Misdemeanors - 3, and was transferred to Experts Department.
The Second Quarter Interim Financial Statement for Amar Finance and Leasing Company (Amar), has been approved by Amar Board of Director in board meeting no. 4/2019 dated 07th August, 2019.
Mr. Abdulrahman Mohammad Albelqasi is appointed to perform the duties of Sharia Audit Officer
The Annual General Assembly Meeting of Amar Finance and Leasing Company for the fiscal year ended 31/12/2018 was held on Thursday, 13 June 2019, at 10:00 am at Al-Ahlia Insurance Company meeting room, 2nd Floor, Ahmed Al Jaber Street, Sharq Area, Kuwait City. All agenda articles were approved during the meeting except the article of voluntary withdrawal from Boursa Kuwait
The meeting for Amar Finance and Leasing Company Annual General Assembly (AGM) has been set for Thursday, 13 June 2019, at 10:00 am at Al-Ahlia Insurance Company meeting room, 2nd Floor, Ahmed Al Jaber Street, Sharq Area, Kuwait City.
Amar Finance and Leasing Company's Board of Directors Meeting was held on Monday 13 May 2019 at 1:30 pm. The Board approved the financial statements for the period ended 31 March 2019 and agreed to raise the recommendation of maintaining the company’s financing activity to the Extraordinary General Meeting.
The Board of Directors of Amar Finance & Leasing Company will hold its meeting on Monday 13 May 2019 at 1:30 pm to discuss and approve its interim financial statement for the First quarter ended 31/03/2019 and the change of company's activity.
The Board of Directors (BOD) meeting no. 02/2019 was held on 14/03/2019 in which the proposal of voluntary withdrawal from Boursa Kuwait was approved.
Amar Finance & Leasing Company Board of Directors will hold its meeting on Thursday 14/3/2019 to discuss the proposal of voluntary withdrawal from the stock market
The Board of Directors (BOD) meeting no. 01/2019 was held on 07/03/2019. The following articles were approved:
• Financial statements for the period ended 31 December 2018.
• Recommendation to change the legal structure of the company to a holding company.
• Invitation to convene the ordinary and Extraordinary General Assembly meetings.
Amar Finance & Leasing Company Board of Directors will hold its meeting on Thursday 07/03/2019.
The company's headquarters is moved from the Ground Floor to the Mezzanine Floor in the same previous address “Kuwait City - Sharq - Ahmed Al Jaber Street - Al-Bdour Tower.
Resignation of Mr. Omar Mohamed Fouda - Broker Not-Registered in the Exchange. His last working day shall be Sunday, March 24, 2019.
Resignation of Mr. Mohamed Saleem Rifai - Sharia Audit Officer. His last working day shall be Thursday 21 March 2019.
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