Boursa Kuwait announced that, based on a notification from the Ministry of Justice – General Directorate of Execution, an electronic auction for the sale of listed and unlisted securities will be held on Wednesday, June 11, 2025, on behalf of the Ministry of Justice – Execution Department (debtor: Jassim Othman Al-Muhairi) to settle an outstanding debt amounting to KWD 13,270,985.032.
The sale will be conducted through Kuwait Financial Centre (KFHIC), the authorized selling agent, in accordance with Chapter 12 of Boursa Kuwait’s rules, and in line with the Executive Regulations of Law No. 7 of 2010 regarding the establishment of the Capital Markets Authority and regulation of securities activity, and their amendments.
Unlisted Securities Included in the Auction:
Al Ahli Holding Company – 17,773 shares
Investment Dar – 36,363 shares
Kuwait Pipes Industries and Oil Services – 280,000 shares
Gulf Investment House (Gulf Invest) – 8,336 shares
OTC 111 Sultan Center Food Products – 116,364 shares
Kuwait Cable Vision Company – 95 shares
International Leasing & Investment Company – 232,727 shares
Al Safwa Holding Group (in liquidation) – 31,852 shares
RAK White Cement & Construction Materials – 3,434,387 shares
Al Abraj Holding Company – 5,454 shares
Al Shabaka Holding – 123,313 shares
Ikarus Petroleum Industries – 241,931 shares
KGL Logistics Co. – 416 shares
Kuwait Financial Brokerage Company (Closed) – 42,424 shares
Gulf National Holding Company – 8,372 shares
Auction Process:
The auction will be held on the electronic auction platform for unlisted securities, where interested buyers can place bids.
The first bidding session starts at 10:00 AM with a base price of 500 Kuwaiti Fils.
If the shares are not sold during the first session, a second session may be initiated five minutes later at a reduced base price of 100 Fils.
If still unsold, a third session may follow five minutes later with no base price, and the shares will be awarded to the highest bidder.
The selling agent is responsible for adhering to all relevant market rules and regulations during the process.