The extraordinary general Meeting of Tabarak International Real Estate Group Company, held on 9/19/2024, agreed to reappoint Mr. Hussein Abdullah Jawhar as the company's liquidator for a period of one year from the date of the extraordinary general meeting and approve to set annual administrative fees for the liquidator at KWD 1,000 for the entire liquidation period.

It also agreed to extend the liquidation period for a period of one year from the date of the extraordinary general meeting and to record its proceedings at the Commercial Registry Department at the Ministry of Commerce and Industry.

The company's liquidator, Mr. Hussein Abdullah Jawhar, explained to the shareholders that the liquidation work has not yet been completed, due to the presence of one of the company's assets outside the State of Kuwait ,in the United Arab Emirates, and the value of this asset according to the financial statements ending on December 31, 2023 is approximately 141,854 KWD , which was approved during the ordinary general assembly for the fiscal year ending on December 31, 2023.

He  indicated that work is currently underway to sell this asset, and noted that the sale and transfer procedures require more time, which requires extending the liquidation period, and it was unanimously agreed by the shareholders present to assign the company's liquidator to complete the procedures for the sale of the company's asset located in the United Arab Emirates, and to assign the liquidator to distribute the cash available in the company to the company's shareholders, each according to his percentage of ownership, and to what he deems appropriate during the coming period.