Boursa Kuwait 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 Sunday, April 9, 2025, via the electronic auction market. This selling is for the benefit of the Public Prosecution Account - Execution Department (debtor: Al-Korniche Marine Club) to settle a debt totaling KWD 136,980.820 (One Hundred Thirty-Six Thousand Nine Hundred Eighty Kuwaiti Dinars and 820 Fils). 

The selling will be carried out by the appointed selling company, Kafek Brokerage Company, in accordance with the provisions of Chapter Twelve of the Stock Exchange Rules. 

The selling agent will be responsible for adhering to the rules of the exchange 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 its amendments. The details are as follows:

• TAAMEER Real Estate Investment Company – 80,000 shares.
•  Ram Three Real Estate Company – 10,000 shares.

The selling will occur in the electronic auction market for trading unlisted securities through the input of purchase orders by bidders on the system. The bidding will commence at 11:00 AM with a starting price of five hundred Fils. 

If the selling is unsuccessful in the first bidding session, the selling agent may initiate a second bidding session five minutes after the first ends at a starting price of 100 Fils. 
If the selling remains unsuccessful in the second session, a third bidding session may be held five minutes after the second session, without a starting price. The auction will be awarded the highest bidder for the quantity of securities available.