In a historic first for the Boursa Kuwait, the Board of Directors of Dulqan Real Estate recommended approving the transfer of 36,318,150 shares, equivalent to 17.79% of the capital of Dalqan Holding Group, owned by Zohour Al-Rif for General Trading and Contracting, to the shareholders of Dulqan Real Estate at a rate of 0.6 shares for each share of the company. 

Shareholders of Dulqan Real Estate are invited to an extraordinary general assembly to discuss and decide on the transfer of the shares.

Mohammed Al-Mutairi, Chairman of Dulqan Real Estate, stated that the transfer of ownership of shares in Dulqan Holding Group to Dulqan Real Estate shareholders is a historic milestone that the Kuwait Stock Exchange has not witnessed since its establishment. 

He noted that the Board discussed the terms and procedures for the transfer and reviewed the risks, benefits, and implications for the benefits of Dulqan Real Estate shareholders.

Al-Mutairi added that the transfer process is part of fulfilling the legal and regulatory requirements for listing Dulqan Holding in the main market of the Kuwait Stock Exchange, emphasizing that this step will positively impact the strength and position of Dulqan Holding shares following their official listing, as well as its importance in enhancing investor and shareholder confidence in Dulqan Real Estate. 

He concluded by confirming their commitment to all conditions and steps linked to the distribution process and obtaining the necessary approvals from regulators.