Amar Finance and Leasing Company announces that Mrs. Hanan Abdul Karim Al Mansour will be appointed as Risk Management Officer, starting January 04, 2021
The registration of Mr. Hisham Bader Al-Zayed from the position of Risk Management Officer will also be canceled, effective January 04, 2021
The Board of Directors (BOD) meeting no. 01/2020 was held on 12/02/2020 where :-
- The financial statements for the period ended December 31, 2019 was approved.
- The proposal for reducing the capital to extinguish losses was discussed, and consequently, a recommendation was issued to submit the proposal to the extraordinary general assembly meeting for approval.
The Board of Directors (BOD) meeting no. 06/2020 was held on 09/12/2020 where the Budget and strategy for the year 2021 was approved.
Amar Finance & Leasing Company Board of Directors will hold its meeting on Wednesday 09/12/2020 at 1:00 pm to discuss and approve its Budget and strategy for the year 2021
Mr. Issa Zaki Shakra submitted his resignation from Amar Finance and Leasing Company Sharia Board effective 16th February 2020
Amar Finance and Leasing Company's Board of Directors Meeting was held on Wednesday 04 November 2020 at 1:00 pm. The Board approved the financial statements for the period ended 30 September 2020.
The Board of Directors of Amar Finance & Leasing Company will hold its meeting on Wednesday 04 November 2020 at 1:00 pm to discuss and approve its interim financial statement for the Third quarter ended 30/09/2020
Mr. Abdel Fattah Mohamed Rafea Marafie - Member of the Company's Board of Directors transferred ownership of 990,000 shares
The judgment was passed accepting the defendant’s objection (Amar finance and leasing Company), canceling the opposing judgment and acquitting the defendant in the two lawsuits No. 10323/2017 misdemeanor – 3 and 2351/2019 misdemeanor – 4
Rejection of the appeal in case No.4135, 4186/2015 commercial/13 pertaining to Amar Finance and Leasing Company's claim for the value of the property proceeds
The Board of Directors (BOD) meeting no. 03/2020 was held on 10/08/2020 where the financial statement for the period ending June 30, 2020 was approved and the decision for reducing the company's capital was postponed until the end of 2020.
The Board of Directors (BOD) meeting no. 03/2020 was held on 10/08/2020 where the financial statement for the period ending on March 31, 2020 was approved.
Amar Finance & Leasing Company Board of Directors will hold its meeting on Monday 10/08/2020 at 1:00 pm to discuss and approve its financial statements for the periods ending on March 31, 2020 and June 30, 2020 in addition to discussing the reduction of the Company’s Capital.
25/03/2020
Result of the Amar Board Meeting
The Board of Directors (BOD) meeting no. 02/2020 was held today Wednesday, March 25, 2020 at 1:00 PM, where the following decisions were made:
1)Restructuring the board of directors as follows:
Name
Title
Category
Mr.Abdulla Rashid Salim Bou-Qammaz
Chairman
Non-Executive Member
Mr.Abdulfatah Mohamed Rafie Marafi
Vice Chairman
Non-Executive Member
Mr. Hamad Mohamed Al-Saad
Board Member & CEO
Executive Member
Mr. Khaled Abdulazeez Abdullah Alghanem
Board Member
Non-Executive Member
Mr. Talal Sultan Ali AlShehab
Board Member
Independent Member
Mr. Anwar Ahmad Abdullah Alhunaidi
Board Member
Non-Executive Member
2)Re-appointment of Mr. / Mohammad Essam Faidi as Secretary of the Board Director
Amar Finance & Leasing Company Board of Directors will hold its meeting on Wednesday, March 25, 2020 at 1:00 PM to form the Board of Directors for its new session.
The ordinary general meeting of Amar Finance and Leasing was held today, Wednesday, March 18, 2020, at 10:00 AM 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 and the following names were elected as members of Amar Board of Directors for the next three years from 2020 to 2022: -
Mr.Abdulla Rashid Salim Bou-Qammaz - representative of Abdullah Al-Saad and Partners Company
Mr.Abdulfatah Mohamed Rafie Marafi - Representative of Commercial Real Estate Company Mr. Hamad Muhammad Al-Saad
Mr. Talal Sultan Al-Shehab.
Mr. Khaled Abdulaziz Abdullah Al-Ghanem.
Mr. / Anwar Ahmed Abdullah Al-Huneidi.
Mr. Ayman Muhammad Abdullah Al-Nassar – first Reserve member
Mr. / Ibrahim Ismail Mohamed Al-Kandari - second reserve member.
Amar Finance and Leasing Company announces the closure of the shopping centers located in lulu Al-Watan Complex, which is owned by one of Amar subsidiaries (lulu Al-Watan Real Estate Company), temporarily until further notice.
Al-Mashoora and Al-Raya for Islamic Financial Consulting – the shariah advisory board for Amar Finance and Leasing Company – declared that the zakat due on Amar shares as at 31 December 2019 is 0.00095 Kuwaiti Dinar/ share.
The annual general assembly meeting for Amar finance and Leasing Company (AGM) has been set for the Wednesday, 18 March 2020, at 10:00 am at Ahlia Insurance Company meeting room, 2nd floor, Ahmed Al Jaber Street, Sharq Area, Kuwait City.
Amar Finance & Leasing Company Board of Directors will hold its meeting on Wednesday 12/02/2020 at 1:30 pm to discuss and approve its financial statement for the period ending on December 31, 2019.
The opening of the nomination for the company board membership including Independent Board Member for the next three-year term, for a period of two weeks starting 2nd January, 2020.
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 461,000 was received.
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