Kuwait Stock Exchange has announced that based on a notification from the Ministry of Justice - General Execution Department, an auction for the sale of unlisted securities will take place on Wednesday, April 9, 2025.

This auction will be conducted in the electronic auction market for the account of the Ministry of Justice – Execution Administration (debtor: Ayman Bader Sultan bin Issa) in settlement of a debt amounting to KD 5,685,785.471 (five million six hundred eighty-five thousand seven hundred eighty-five Kuwaiti dinars and 471 Fils only). 

The sale will be conducted by AL Sahrq Financial Brokerage Company, in accordance with the provisions of Chapter Twelve of the Stock Exchange Rules, and the seller is responsible for adhering to these rules and the executive regulations of Law No. 7 of 2010 concerning the establishment of the Capital Markets Authority and the regulation of securities activities and their amendments as follows:

•    OTC 549 Dar Al-Dhabi Holding Company - 1,019,767 shares.
•    Industrial and Financial Investments Company - 1,577 shares.
•    United Real Estate Company - 470 shares. The auction will take place in the electronic auction market using the system for trading unlisted securities through bids entered by participants in the system. The bidding will commence at 10:00 AM at a base price of 500 Fils.

If the sale is not completed in the first bidding session, the seller may initiate a second bidding session five minutes after the first session at a base price of 100 Fils; if the sale is still not completed, a third bidding session may take place five minutes after the second session without a base price. The auction will be awarded to the highest bidder for the quantity of offered securities.