Boursa Kuwait has announced that, based on a notice from the Ministry of Justice – General Directorate of Enforcement, an auction has been scheduled for Sunday, October 26, 2025, for the sale of securities (both listed and unlisted in the Electronic Auction Market) on behalf of the Ministry of Justice – Enforcement Department. This is in settlement of a debt amounting to KWD 4,000,000 (Four Million Kuwaiti Dinars) owed by the debtor: Sawaf Real Estate Company. The auction will be conducted by the selling agent: NBK Capital, in accordance with Chapter Twelve of the Boursa Kuwait Rulebook.
The selling agent is responsible for ensuring compliance with Boursa Kuwait rules and the Executive Bylaws of Law No. 7 of 2010 regarding the establishment of the Capital Markets Authority and regulation of securities activity, as amended.
Details of the Sale – Unlisted Securities:
- OTC 532 UROOJ International Holding Company – 9,098,566 shares
The sale will take place through the Electronic Auction Market for unlisted securities, where bidders must enter their buy orders directly into the system.
The auction will begin at 10:00 AM with a starting price of 500 Fils per share.
- If the shares are not sold in the first auction session, the selling agent may start a second session five minutes after the end of the first, with a reduced starting price of 100 Fils.
- If no sale occurs in the second session, a third session may be held five minutes later with no starting price, and the shares will be awarded to the highest bidder for the full quantity offered.