Amar Finance & Leasing Company’s Board of Directors Meeting no.06/2024 was held today Monday, November 11th, 2024, at 1:00 PM. During the meeting, the interim financial information for the period ended September 30th 2024, was discussed and approved.
Amar Finance & Leasing Company’s Board of Directors will have a meeting on Monday, November 11th, 2024, at 1:00PM at company’s premises to discuss and approve the interim financial information for the period ended September 30th 2024.
Amar Finance and Leasing Company announces that Mr. Issa Hasan Al-Kandari has been registered with CMA as a Collective Investment Scheme Manager, starting today Sunday, 01/09/2024.
Amar Finance and Leasing Company announces that it has been licensed to practice the activity of “Collective Investment Scheme Manager” for a renewable period of three years starting on 27/8/2024.
Amar Board of Directors’ Meeting no. 05/2024 was held today, Monday, August 12, 2024, at 1:00 PM. During the meeting, the interim financial information for the period ended June 30, 2024, was discussed and approved.
Amar Finance & Leasing Company’s Board of Directors will meet on Monday, August 12, 2024, at 1:00 PM at Amar Premises to discuss and approve the interim financial information for the period ending on June 30, 2024.
Following our previous disclosure dated July 17, 2024, regarding the results of the Extraordinary General Assembly Meeting, we are attaching the minutes of the Assembly Meeting approved by the Ministry of Commerce and Industry.
The Extraordinary General Assembly of Amar Finance and Leasing Company in 2024 took place at the head office of Al-Ahleia Insurance Company on Wednesday, July 17, 2024, at 10:30 AM. During this assembly, shareholders holding 161,396,138 shares (representing 82.669% of the company’s capital) approved amendments to Article 5 of the Articles of Association and Article 4 of the Memorandum of Association. These amendments included adding the activity of a Collective Investment Scheme Manager
The extraordinary general assembly meeting was scheduled to be held at 10:30 Am. on Wednesday, July 17, 2024, at the headquarters of Al-Ahlia Insurance Company - second floor - Ahmed Al-Jaber Street - Sharq - Kuwait City.
Amar Finance and Leasing Company's logo has been updated effective today, Wednesday, June 19, 2024.
The Board of Directors agreed to invite the company’s shareholders to an extraordinary general assembly meeting and approved its agenda. The Board also approved the updated organizational structure
Mr. Fahad Waleed Al-Sharhan has been appointed to the position of Vice President - Support Services Department at Amar Finance and Leasing Company, as of today Sunday, June 2, 2024.
Amar Finance and Leasing Company announces that it is in the process of completing the necessary procedures to move the company’s headquarters from its current headquarters located in Sharq area - Ahmed Al Jaber Street - Al Budoor Tower to the new location in Al Rayhan Tower - Seventh Floor - Ali Al Salem Street, Block 3 - Al Qibla - Kuwait City, as of May 19, 2024. There will be no change to the contact numbers.
Amar Finance and Leasing Company announces that it has obtained an initial and renewable approval from Capital Markets Authority (CMA) to license the activity of a Collective Investment Scheme Manager, starting from May 14, 2024, and ending on November 13, 2024.
Amar Board of Directors’ meeting no.03/2024 was held today, Sunday, April 28, 2024, at 1:00 PM. During the meeting, the organizational structure was discussed and approved. Additionally, the termination of Mr. Khaled Al-Rabbab’s services in Amar was approved. Mr. Al-Rabbab served as the Executive Vice President of the Support Services Department and Subsidiary Companies. His last working day will be on Wednesday, July 28, 2024."
Amar Finance & Leasing Company Board of Directors will have their meeting at 1:00 PM in Sunday, April. 28, 2024 in the company's meeting room, to discuss and approve the Organizational Structure in addition to other items.
Amar Finance and Leasing Company announces that BDO for Economic, Administrative, Industrial and Computer Consultations and establishing of private training institutes, has been assigned to carry out the duties of the Internal Audit Officer for Amar Company, starting from Wednesday, April 10, 2024, and registered as the Internal Audit Officer in CMA list of Registered Employment Positions, and the registration of Mr. Bassem Jamal Andraos - Internal Audit Officer, has been canceled from the list of Registered Employment Positions of the company from the date.
Amar Finance and Leasing Company announces that the General Assembly of Amar Finance and Leasing Company for the fiscal year ending on December 31, 2023, was held today, Wednesday, April 3, 2024, at 11 am, in the head office of Ahlia Insurance Company -2 nd Floor, in the meeting room. Shareholders who attended the meeting own 158,694,636 shares, presenting 81.285% of the company’s shareholders, all agenda articles were approved according to the following:
Amar Finance and Leasing Company announces that GRC Consulting Company has been assigned to perform the task of Risk Management Manager for Amar starting from today Monday, April 1, 2024, and registering GRC as Risk Management Manager in the list of Registered Employment Positions of Capital Market Authority.
The Registration of Mrs. Hanan Abdul Karim Al-Mansour – Risk Management Manager has been removed from CMA’s list of Registered Employment Positions, to start handling the tasks of Operations and Settlements Manager in the company from today.
Amar Company announces that the Capital Markets Authority Resolution No. (28) of 2024 has been issued regarding the renewal of Amar’s securities activities license with the Capital Markets Authority to practice the activity of a securities broker not registered on the stock exchange, provided that the license period is three years starting from May 12, 2024.
Amar Company announces that the contract with Mrs. Nemat Al-Halabi to perform the work of the company’s consultant has been terminated, from today, Sunday, March 10, 2024.
The Ordinary General Assembly meeting for Amar Finance and Leasing Company has been scheduled at 11:00 am on Wednesday April 03, 2024, at Ahlia Insurance Company meeting room, 2nd floor, Ahmed Al Jaber Street, Sharq Area, Kuwait City.
Amar Board of Directors’ (BOD) meeting no.02/2024 was held today Tuesday, February 20, 2024. at 1:00 PM, and the following were discussed :
Discussing and approving the audited financial statements for the financial year ending on December 31, 2023.
Approved the articles included in the agenda of the Ordinary General Assembly meeting and start preparing for the Ordinary General Assembly meeting of the fiscal year ending on December 31, 2023 during specified period.
Recommendation to the Ordinary General Assembly not to distribute dividends to the company’s shareholders.
Recommending the reappointment of the external auditor, Mrs. Hind Abdullah Al-Sari’i from the office of Grant Thornton - Al-Qatami, Al-Aiban & Partners, as an external auditor of the company’s financials for the fiscal year December 31, 2024.
Recommending the reappointment of the external Sharia audit office, Messrs. Osool Sharia Consulting Company, as an external Sharia audit office for the fiscal year ending on December 31, 2024.
Recommendation for the reappointment of the Sharia Supervisory Board the Office of the House of Islamic Financial Industry (Prof. Dr. Abdulaziz Khalifa Al-Qassar, Dr. Issam Ibrahim Al-Anzi, Dr. Ali Ibrahim Al-Rashed)
Approval to develop the company’s logo
Amar Finance & Leasing Company Board of Directors will hold its meeting at 1:00 PM On Tuesday, February. 20, 2024 in the company's meeting room, to discuss and approve the Following Items:
Financial statements of December 31, 2023.
The agenda of the Ordinary General Assembly for the fiscal year ended on December 31, 2023.
Board of Directors’ report for the financial year ending December 31, 2023.
Corporate Governance Report, Audit Committee Report, Remuneration Report for the fiscal year ending December 31, 2023.
Appointment/reappointment of the External Financial Auditor.
Appointment/reappointment of the External Sharia Audit Office.
Appointment/reappointment of the Sharia Supervisory Board.
Other items.
Amar Board of Directors’ (BOD) meeting no.01/2024 was held today Wednesday, January 24, 2024. at 1:00 PM, where the estimated budget and work plan for the year 2024 have been Discussed and approved, approving the renewal of a license to practice the activity of a securities broker not registered in stock exchange, and postponing the decision on discussion of the company’s logo development.
Amar Finance & Leasing Company Board of Directors will hold its meeting at 1:00 PM In Wednesday, January. 24, 2024 in the company's meeting room, to discuss and approve the estimated budget and business plan for 2024, renewal of securities activities license, development of the company logo.
Amar announces that the contract period with Sharia’s Audit House Office, the internal Sharia Audit Officer, for Amar Finance and Leasing has ended on December 31, 2023. The appointing of Shura Sharia Consulting Company has been approved as the Sharia’a audit officer starting on 01/01/2024.
We would also like to inform you that the Sharia Audit House Office is a person familiar with the internal information of Amar Finance and Leasing Company until the completion of preparing and submitting the Fourth Quarter Report of 2023.
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