Boursa Kuwait announced that, based on a notification from the Ministry of Justice – General Execution Department, Wednesday, April 9, 2025, has been scheduled for the sale of unlisted securities in the electronic auction market for the account of the Public Prosecution – Criminal Execution (convicted individuals: Khaled Saad Mohammed Al-Sahlawi – Mahmoud Haji Mohammed Abdulhadi).
The sale will be conducted by the First Securities Brokerage Company, in accordance with the provisions of Chapter Twelve of the Stock Exchange Rules.
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:
• AL-Tafawoq Holding Company - 50,530 shares.
• National Leasing and Financing Company - 124,825 shares.
• Al-Buraq Holding Company - 5,000 shares.
• Al-Abraj Holding Company - 30,000 shares.
• International Kuwaiti Investment Holding Company - 46 shares.
The sale will take place in the electronic auction market using the system for trading unlisted securities through bids entered by participants in the system. Bidding will commence at 11:30 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.