Salah Al-Saleh, Chairman of Al Bareeq Holding Company, stated that the company is working closely with the relevant authorities to correct its situation and ensure its legal and sound recovery of status.

He emphasized that the company has been addressing the observations of the Capital Markets Authority in recent times, reflecting its commitment and seriousness regarding these observations and the interests of its shareholders.

The company is resuming its journey with confidence and transparency after overcoming the challenges it faced during the previous period.

He pointed out that Al Bareeq has taken serious measures to address the reasons for its delisting by the Capital Markets Authority, believing that the justifications for the delisting decision were related to administrative compliance with listing rules and full compliance with all laws and regulations, without compromising the interests of the company as an independent legal entity or those of the shareholders, nor wasting their financial and administrative interests.

Al-Saleh mentioned that the company has readjusted its internal operations and implemented a series of administrative and organizational improvements to ensure transparency and efficiency, despite the challenges.

This has resulted in the company achieving tangible profits in the previous financial year, reflecting the strength of its operational model and its ability to achieve sustainable growth, which has led the company to distribute bonus shares as part of its commitment to the interests of shareholders, aimed at enhancing investment value and their trust.

He noted that in the general assembly held on June 7, 2023, the re-listing of the company’s shares on the Boursa Kuwait  was approved, with unanimous approval from all attending shareholders, given the company's sound financial position and its completion of all regulatory requirements imposed by the authority. Additionally, the board of directors of Al-Bareeq Holding has been changed, and the current board includes a member representing the minority.

He added: "In confirmation of our commitment to continue our efforts toward excellence and innovation, the company has appointed a consultant for its re-listing on the Boursa Kuwait , signing with Al-Shall Financial Consultants, a leading firm in the advisory field. This assures all shareholders that the company is on solid ground today, driven by a clear vision for the future, and that transparency and credibility are the foundations of our success. We look forward to regaining full trust from all stakeholders."