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.
Search
