Boursa Kuwait announced that, based on a notice issued by the Ministry of Justice - General Directorate of Enforcement, an auction will be held on Monday, 25 September 2023, for the sale of (unlisted) securities on the electronic auction market for the benefit of the Ministry of Justice – Enforcement Department, as follows:
- Khabari Holding Company - Number of shares: 359,999 shares, at an initial price set by the seller at KWD 0.100. - Arab Capital Holding Company - Number of shares: 44,120,000 shares, at an initial price set by the seller at KWD 0.100. - Okyana Real Estate Company - Number of shares: 57,203 shares, at an initial price set by the seller at KWD 0.100.
The sale will take place via the electronic auction market using the securities trading system (unlisted shares) by entering purchase orders on behalf of the bidders in the system.
The bidding will commence at 10:00 am on the specified sale date, as arranged by the seller, KFIC Financial Brokerage Company. It's worth noting that the purchase price offered must exceed the initial price set by the seller. Additionally, the purchase order should be at a value higher than the last purchase order entered into the bidding system.