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, Tuesday, April 28, 2026.
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.
Based on the resolution of the Ordinary General Assembly of Shareholders of Ammar Finance and Leasing Company for the year ending December 31, 2025, held on Wednesday, April 22, 2026, an extraordinary meeting of the Board of Directors was held on Thursday, April 23, 2026, at 1:30 PM. During this meeting, the Board of Directors and its subcommittees were formed for the new term (2026-2028). Accordingly, the Board is composed as follows:
There is no financial impact on the company.
Further to our previous disclosure dated April 22, 2026, regarding the results of the Extraordinary General Meeting of Shareholders of Ammar Finance and Leasing Company for the year 2026, held on Wednesday, April 22, 2026, we are pleased to enclose the following:
We would also like to inform you that no comments or reservations were raised by shareholders or their representatives during the aforementioned Extraordinary General Meeting.
There is no financial impact on the company.
Further to our previous disclosure dated April 22, 2026, regarding the results of the Ordinary General Assembly meeting of Ammar Finance and Leasing Company, for the fiscal year ending December 31, 2025, held on Wednesday, April 22, 2026, we are pleased to enclose the following:
We would also like to inform you that no observations or reservations were raised during the aforementioned Ordinary General Assembly meeting by the auditor, the external Sharia audit firm, the Sharia Supervisory Board, the shareholders, or their representatives.
There is no financial impact on the company.
The Extraordinary General Assembly Meeting of Amar Finance and Leasing Company for the year 2026 was held on Wednesday, 22 April 2026, at 11:00 a.m., at the Company’s head office, Al Ahleia Insurance Company – 2nd Floor, Meeting Room. The meeting was chaired by Mr. Abdullah Rashid Salem Bouqmaz, Chairman of the Board. All items in the agenda were approved with a legal quorum of 75.336%, as follows:
First Item:
Approval of the Board of Directors’ recommendation to cancel the license to practice the activity of an unlisted securities broker, due to the non-exercise of this activity during the previous period and in light of the Company’s direction toward restructuring its activities in a manner that achieves optimal utilization of operational and strategic resources. This measure comes within the framework of enhancing operational efficiency, rationalizing costs, ensuring compliance with the principle of proportionality between licensed activities and actual operations, and focusing on priority regulatory and operational activities of Ammar Finance and Leasing Company.
Second Item:
Approval to amend Article (5) of the Article of Association and Article (4) of the Memorandum of Association of Ammar Finance and Leasing Company to be as follows:
Without prejudice to the provisions of Law No. 01/2016 issuing the Companies Law, its amendments, and its Executive Regulations, the purposes for which the Company was established are as follows:
Provided that all such activities shall be conducted in accordance with the provisions of Islamic Sharia, and under no circumstances shall any of these purposes be interpreted as permitting the Company, directly or indirectly, to engage in usurious (interest-based) activities or any activities that violate the principles of Islamic Sharia transactions.
The Company may carry out the aforementioned activities in the State of Kuwait and abroad, either directly or through agency. The Company may also have interests in, or participate in any manner with, entities conducting similar or complementary activities that assist in achieving its objectives, whether in Kuwait or abroad, and may establish, participate in, acquire, or affiliate with such entities. There is no financial impact on the Company’s financial position.
We would like to inform you that the Ordinary General Assembly Meeting of Amar Finance and Leasing Company for the financial year ended 31 December 2025 was held on Wednesday, 22 April 2026, at 10:30 a.m., at the Company’s head office, Al Ahleia Insurance Company – 2nd Floor, Meeting Room. The meeting was chaired by Mr. Abdullah Rashid Salem Bouqmaz, Chairman of the Board. All items on the agenda were approved with a legal quorum of 75.336%, as follows:
Mr. Abdullah Rashid Salem Bouqmaz – representing Abdullah Al-Saad & Partners – Non-Executive
Mr. Hamad Mohammad Abdullah Al-Saad – Self – Non-Executive
Mr. Bader Hamad Abdullah Al-Rubaia – Self – Non-Executive
Mr. Mohammad Abdullah Mohammad Al-Saad – representing Al Ahleia Insurance Company – Executive
Mr. Anwar Ahmad Abdullah Al-Hunaidi – Self – Non-Executive / Independent.There is no financial impact on the Company’s financial position.
Amar Finance and Leasing Company has incorporated Reyhan Al Khaleej Holding Company (Single Person Company) in the State of Kuwait. The company is a wholly owned subsidiary (100%) of Amar Finance and Leasing Company, with a share capital of 2,000 KD. There is no financial impact on the Company’s financial position.
Further to our previous disclosure dated 25 March 2026 regarding the invitation to the Ordinary General Assembly meeting for the financial year ended 31 December 2025, which included the list of nominees for membership of the Board of Directors of Amar Finance and Leasing Company for its upcoming term (2026–2028), we would like to inform you that, based on a request received from Kifan Holding Company to withdraw from the list of nominees for Board membership, and a request received from Al Ahleia Insurance Company to amend its representative to Mr. Mohammed Abdullah Mohammed Al-Saad instead of Mr. Tareq Fahad Mohammed Boursli, the list of nominees has been updated as follows:
The Court of Appeal has rendered its judgment in Case No. 4074/2025(Commercial/11), Automated No. 250940240 First Instance , and Appeal No. 1339/2026 (Commercial /21 – Appeal), concerning an obligation claim filed in both personal and representative capacities based on the arbitration award issued by the Kuwait Lawyers Association No. 27/2022, initiated by Amar Finance and Leasing Company against Fahad Al-Banai and others. The Court of First Instance ruled its judgment on 13 January 2026, dismissing the claim in its current form and obligated the claimant to bear the legal cost and the actual attorney’s fees, the amount of 100 KD .On 14 April 2026, the Court of Appeal ruled to accept the appeal in form, and in substance to reject and upheld the appealed judgment. And obligated the appellant to bear the legal costs and an amount of 200 KD as actual attorneys’ fees. There is currently no financial impact on the Company.
The date for the Extraordinary General Assembly meeting of Amar Finance and Leasing Company has been set for Wednesday, April 22, 2026, at 11:00 AM in the meeting room at the headquarters of Al-Ahlia Insurance Company – second floor – Ahmed Al-Jaber Street – Sharq – Kuwait City. The final date for purchasing the company's shares to be registered in the right to attend record for the General Assembly is April 07, 2026, and the date for the right to attend the General Assembly is April 12, 2026, with the availability period starts from sunday, April 12, 2026, until the closure of participation for each agenda item by the system manager on Wednesday, April 22, 2026 Additionally, the date for the postponed General Assembly meeting, in case of insufficient quorum, has been set for Wednesday, April 29, 2026 At 11:00 AM in the same place and under the same system of convening.
The date for the Ordinary General Assembly meeting of Amar Finance and Leasing Company has been set for Wednesday, April 22, 2026, at 10:30 AM in the meeting room at the headquarters of Al-Ahleia Insurance Company – second floor – Ahmed Al-Jaber Street – Sharq – Kuwait City. The final date for purchasing the company's shares to be registered in the attendance record for the General Assembly is April 07, 2026, and the date for the right to attend the General Assembly is April 12, 2026, with the availability period starts from Thursday, April 12, 2026, until the closure of participation for each agenda item by the system manager on Wednesday, April 22, 2026 Additionally, the date for the postponed General Assembly meeting, in case of insufficient quorum, has been set for Wednesday, April 29, 2026 At 10:30 AM at the same place and system of convening.
Amar Board of Directors’ Meeting no. 01/2026 was held today Thursday, March 12, 2026, at 2:00 PM, The following items were approved (approval of the consolidated financial statements of the company for the financial period ending December 31, 2025, approval of the business plan and estimated budget for the years 2026-2028, cancellation of the license for unregistered securities brokerage activity in the stock exchange and raising the recommendation to the extraordinary general assembly meeting, establishment of a subsidiary company 100% owned by Amar Company, recommendation to the ordinary general assembly not to distribute dividends to the shareholders for the financial year ending December 31, 2025, reappointment of the external auditor Mr. Abdul Latif Mohammed Al-Eiban for the financial year ending December 31, 2026, and raising the recommendation to the ordinary general assembly meeting for approval, reappointment of the Sharia Supervisory Board (Prof. Dr. Abdul Aziz Al-Qassar, Dr. Ali Ibrahim Al-Rashed, Dr. Essam Khalaf Al-Anzi) for the financial year ending December 31, 2026, and raising the recommendation to the ordinary general assembly meeting for approval, appointment of the external Sharia auditing office, Shura Company for Sharia Consultations, for the financial year ending December 31, 2026, and raising the recommendation to the ordinary general assembly meeting for approval, amendment of the company contract (Article 5 of the Articles of Incorporation and Article 4 of the Bylaws), calling for the extraordinary ordinary general assembly meetings, in addition to other items listed on the agenda).
The First board meeting of 2026 for Amar has been scheduled on Thursday, March 12, 2026, at 2:00 PM, at the company's meeting room to discuss the following items:
In addition to other items listed on the agenda.
The Commercial Court of Appeal /12 ruled in Case No. 8236/2025 – Automated Number 243010480, subject of which is the liability of the Board of Directors and the extension of the effect of Judgment No. 11035/2021 Commercial General /48 and Appeal No. 7736/2021 dated January 20, 2026, filed by Hamda Abdulaziz Ahmed Ali Al Thani against the International Group for Real Estate Projects Company and others, and Amar Finance and Leasing Company, the second respondent, in favor of the International Group for Real Estate Projects Company and others, accepting the appeal in form and in substance, declaring the appealed judgment null and void, and returning the case to the Court of First Instance to consider its subject matter. It set a hearing for 13/04/2026 before the Commercial General /8 Circuit and considered the pronouncement of the judgment as notification to the litigants and obligated the first respondent to pay the appeal expenses and the sum of fifty dinars for attorney's fees. There is no current financial effect on the company.
The Court of First Instance ruled in case number 4443/2023 Commercial Civil General Government (27) - Automated Number 231857160, the subject of which is a lawsuit to appoint an expert, filed by Amar Finance and Leasing Company against the International Group for Real Estate Projects Company and others, that it does not apply, and there is no current financial impact on the company.
The Court of First Instance ruled in case number 4074/2025 Commercial General/11 – automated number 250940240, the subject of which is a lawsuit to compel them on their own behalf and in their capacity as parties to the arbitration ruling issued by the Kuwait Lawyers Association No. 27/2022 in favor of the defendants, filed by Amar Finance and Leasing Company against Fahd Al-Bannai and others, dismiss the case as it stands and obligate the plaintiff to pay the expenses and an amount of 100 Kuwaiti Dinars for actual attorney’s fees, and there is no current financial impact on the company.
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