The Designation of Mr. Issa Hassan Ali Al-Kandari - Manager of Investment and Assets Management amended to "Vice President – Investment and Assets Management". effective from November 1, 2025.
With reference to the above subject, and in accordance with the provisions of Chapter Four of Book Ten "Disclosure and Transparency" of the Executive Regulations of the Capital Markets Authority Law No. 7 of 2010 concerning the establishment of the Capital Markets Authority and the regulation of securities activities and its amendments.
Referring to the email sent by Kuwait Stock Exchange requesting clarification for the unusual shares trading activities during today's session, Wednesday, October 22, 2025.
Amar would like to inform that there have been no recent developments that could affect the company in a way that would result in this unusual trading activity, and no material information requiring disclosure in accordance with the applicable executive instructions, laws and regulations.
With reference to the above subject, and in accordance with the provisions of Chapter Four of Book Ten "Disclosure and Transparency" of the Executive Regulations of the Capital Markets Authority Law No. 7 of 2010 concerning the establishment of the Capital Markets Authority and the regulation of securities activities and its amendments.
Referring to the email sent by Kuwait Stock Exchange requesting clarification for the unusual shares trading activities during today's session, Thursday, October 9, 2025.
Amar would like to inform that there have been no recent developments that could affect the company in a way that would result in this unusual trading activity, and no material information requiring disclosure in accordance with the applicable executive instructions, laws and regulations.
The board members agreed to accept the resignation request submitted by the Commercial Real Estate Company and its representative Mr. Abdulmutaleb Abdulmanaf Marafie from the Board of Directors of Ammar Finance and Leasing Company. The board also decided that the current members will continue to carry out their duties until the end of the current term.
We would like to inform that we have received a resignation letter from one of Amar’s board members, The Commercial Real Estate Company, represented by Mr. Abdulmutalib Abdul Manaf Mohamed Rafi' Ma'rifi, effective as of today, Monday, October 6, 2025. Amar Board of Directors will take the necessary actions in accordance with the applicable laws and regulations in this regard.
With reference to the above subject, and in accordance with the provisions of Chapter Four of Book Ten "Disclosure and Transparency" of the Executive Regulations of the Capital Markets Authority Law No. 7 of 2010 concerning the establishment of the Capital Markets Authority and the regulation of securities activities and its amendments.
Referring to the email sent by Kuwait Stock Exchange requesting clarification for the unusual shares trading activities during today's session, Wednesday, October 1, 2025.
Amar would like to inform that there have been no recent developments that could affect the company in a way that would result in this unusual trading activity, and no material information requiring disclosure in accordance with the applicable executive instructions, laws and regulations.
Amar Board of Directors’ Meeting no.04/2025 was held today Wednesday, August 06, 2025, at 1:00 PM, and the financial statements for the period ended June 30, 2025, were discussed and approved.
The Fourth board meeting of 2025 for Amar has been scheduled on Wednesday, August 06, 2025, at 1:00 PM, at the company's meeting room to discuss and approve the financial statements for the period ended on June 30, 2025, along with other items
The Court of First Instance ruled in case number 2024/17586 – automated number 243010480 regarding the liability of the board members and the extension of the effect of ruling number 11035/2021 Commercial General/48 and appeal number 2021/7736 in favor of Amar Finance and Leasing Company.
Firstly: It established the abandonment of the case against the second and third defendants and ordered the plaintiff to bear the costs of the abandonment and to pay the third defendant the amount of -/50 K.D. (only fifty Kuwaiti Dinars and no more) as actual attorney fees.
Secondly: It ruled that the claim was not accepted for being filed against a party without legal standing regarding the sixth defendant (Amar Finance and Leasing Company).
Thirdly: It obligated the s econd defendant in person and in his capacity, the third defendant in person and in his capacity, the fourth defendant in person and in his capacity, and the fifth defendant in person and in his capacity to jointly pay the financial amount ruled in case number 2021/11039 Commercial General 48 and its appeal, while also obligating them to bear the costs. The financial impact on the company can only be determined upon the execution of the rulings.
The Court of Appeal ruled in case number 1350 + 1360 – 2025 concerning (the action for non-enforceability of a transaction) to accept both appeals in form and to reject the second appeal in substance. The appellant was obligated to pay expenses and one hundred dinars for actual attorney fees. Regarding the second appeal, the court partially amended the appealed ruling to declare the non-enforceability of the sale contract for the disputed property located in Salmiya, plot 37, parcel 2, plan number M/12333, registered with the Real Estate Registration Department under document number 5557/2019 dated 20/5/2019. The ruling stated that all consequences should revert the status to what it was before this sale, and to erase and cancel the registration of document number 5557 dated 20/5/2019, considering it as it never existed. The first appellant was obligated to pay expenses and one hundred dinars for actual attorney fees. The financial impact on the company cannot be determined at this time except upon the execution of the rulings.
Amar Board of Directors’ Meeting no.03/2025 was held today Wednesday, May 14, 2025, at 1:00 PM, and the financial statements for the period ended March 31, 2025, were discussed and approved.
The schedule for the stock entitlement related to the distribution of a cash dividend of 3% of the nominal value per share (equivalent to three fils per share) for the fiscal year ended in December 31, 2024, has been confirmed.
The third board meeting of 2025 for Amar has been scheduled on Wednesday, May 14, 2025, at 1:00 PM, at the company's meeting room to discuss and approve the financial statements for the period ended on March 31, 2025, along with other items.
The Ordinary General Assembly Meeting of Amar Finance and Leasing Company for the fiscal year ended in December 31, 2024, was held today, Monday, May 5, 2025, at 10:30 AM at the headquarters of Al Ahleia Insurance Company – 2nd floor meeting room. The attached are the AGM minutes of meeting, the disclosure form for Shares Records, and the quorum report, All agenda items were approved during the meeting.
The Ordinary General Assembly meeting of Amar Finance and Leasing Company has been scheduled for Monday, May 5, 2025, at 10:30 AM, and will be held in the meeting room at the headquarters of Al-Ahli Insurance Company – second floor – Ahmed Al-Jaber Street – Sharq – Kuwait City.
The final date to purchase the company’s shares for registration in the General Assembly attendance record is April 22, 2025, while the record date for the right to attend the General Assembly is April 27, 2025, which also marks the beginning of the availability period.
In case the legal quorum is not met, the postponed General Assembly meeting will be held on Tuesday, May 13, 2025.
Amar Board of Directors’ Meeting no.02/2025 was held Sunday, March 23, 2025, at 2:00 PM, where the approval was granted for all items on the agenda, and the following are the key points:
The work plan for 2025-2027 was discussed and approved.
The consolidated financial statements for the period ending December 31, 2024, were discussed and approved.
The Board of Directors recommended to the General Assembly the approval of a cash dividend distribution for the fiscal year ending December 31, 2024, at a rate of 3% (three percent) of the nominal value of each share (i.e., three fils per share), for the shareholders registered in the company's shareholder records as of the end of the Record date
The Board of Directors recommended not to distribute remuneration to the members of the Board of Directors.
The Board of Directors recommended the appointment of Mr. Abdul Latif Mohammed Al-Aiban from Grant Thornton - Al-Qatami and Al-Aiban as the company’s auditor for the fiscal year ending December 31, 2025.
The Board of Directors recommended the reappointment of Osol Islamic Financial Consulting as the external Sharia audit office for the company for the fiscal year ending December 31, 2025.
The Board of Directors recommended the reappointment of Dr. Abdul Aziz Al-Qassar, Dr. Issam Al-Anzi, and Dr. Ali Ibrahim Al-Rashed from the Islamic Financial Industry House as the Sharia Supervisory Board for the fiscal year ending December 31, 2025.
Approval of the call for the ordinary General Assembly meeting and approve the agenda.
The First Instance Court ruled in case number 4729/2024, Commercial Civil Case Government/28, filed by Amar Financing and Leasing Company against the International Group for Real Estate Projects Company and Grovast Real Estate Company, along with the Undersecretary of the Ministry of Justice for Real Estate Registration and Documentation Affairs in his capacity, declaring the invalidity of the sales contract issued by the first defendant to the second defendant, registered with the real estate registration under document number 5557/2019 dated 20/05/2019, for the property located in Salmiya Area, Plot 37, Block 2, Plan No. M/21333. The court ordered the first and second defendants to pay the costs and an amount of one hundred dinars for actual legal fees, and there was no financial effect on the company as a result of the ruling
The second 2025 board meeting for Amar has been scheduled on Sunday, March 23, 2025, at 2:00 PM, at the company's meeting room to discuss and approve the 2025-2027 work plan, as well as the financial statements for the period ending December 31, 2024, along with other items.
The Court of Cassation ruled in case number 2411/2023 Commercial Cassation / 5 concerning a claim for a debt amount and compensation filed by Amar Financing and Leasing Company against the International Group for Real Estate Projects and others on February 18, 2025, as follows: The three appeals were accepted in form, the appeals 2189 and 2318 / 2023 were rejected, and each appellant bearing their own expenses and 20 dinars for legal fees, and the bail in these cases was forfeited. Regarding the appeal 2411/2023 T 5, was partially distincted in accordance with the reasons stated in this ruling, and Amar was ordered to pay the expenses and 20 dinars for legal fees. In the matter of appeal 54/2023 Commercial, it was distincted by canceling the contested ruling regarding the obligation of Amar to pay interest on the amount awarded at 7% annually from 2/3/2014, the court ruled again to reject this request and canceled the part concerning the rejection of the appellant's request to refund the paid installments, ordering again that Amar must pay the appellant 97,500 K.D. Amar was also ordered to pay the expenses and 20 dinars for legal fees.
The first 2025 board meeting for Amar has been scheduled on Monday, February 3, 2025, at 1:30 PM, at the company's meeting room to discuss and approve the Work Plan and 2025 Estimated Budget, in addition to other items
The contract period with Shura Sharia Consultancy, the external entity performs the tasks of the Sharia Audit Officer for Amar, has officially ended on December 31, 2024, and It has been approved to appoint Global for Shari'a Consultation Company as external entity to perform the tasks of the Internal Sharia Audit Officer for the period from January 1, 2025, to December 31, 2025.
Shura Sharia Consultancy. will continue as an Insider for Amar’s Information until the preparation and approval of the Financial Report of December 31, 2024
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