Al Imtiaz Investment Group announced the sale of listed and unlisted securities in an electronic auction that began on April 27, 2025, which it owned.

This was executed in compliance with a Supreme Court ruling against it, numbered 2869/2022, despite the group having submitted multiple requests and legal measures to the relevant authorities to stop the sale.

In its statement to the Boursa Kuwait Stock, Tuesday, Al-Imtiaz indicated that according to unofficial preliminary data available to it, the entire unlisted securities were sold in accordance with the amended stock exchange rules, generating a total revenue of KWD 18,250,382, while the sale of listed securities is still ongoing.

The company noted that the proceeds from this sale are withheld by the execution department based on a decision from the public prosecutor announced on May 8, 2024, in favor of the creditor company (Aayan Gulf – Qatar).

It stated that the financial impact of this material information, based on the unofficial preliminary information available about the auction, will result in a preliminary total loss of KWD 105,641,141.69 due to the adjudicated amount, along with legal fees and interest amounting to KWD 28,415,463.69, in addition to the direct loss from the sale of the assets.