Dear Shareholders of Industrial and Financial Investments, On behalf of me and the Board of Directors and all the employees of the Industrial and Financial Investment Company, I am pleased to inform the shareholders of the latest developments in your esteemed company: First of all: Amending the Company's status in accordance with the requirements of the regulatory and supervisory authorities in accordance with the laws in force in the State of Kuwait, as the following have been done: Cancellation of the company's license from the Central Bank of Kuwait on 4/10/2018. Cancel the company's license from the Capital Markets Authority on 3/2/2019. Amending the Company's activities to be as follows: Managing its subsidiaries or participating in the management of other companies in which it contributes and providing Necessary support for it. Investing its money in traders in stocks, bonds and high-end financials. The real estate and movables shall own the necessary to carry out their work within the limits permitted by law. Own, exploit and lease industrial and intellectual property rights such as patents, trademarks or industrial designs, franchise rights and other moral rights. Buying and selling shares and bonds for the company's account. Investing financial surpluses in financial portfolios by investing them in portfolios managed by companies and entities Specialist. Consultancy in the field of investment and real estate finance.
Secondly: The company's response from liquidation in accordance with the judgment of the Court of Cassation No. 3925 issued on 13/10/2022, which approved the cancellation of the decision of the Extraordinary General Assembly to liquidate the company and restore the Board of Directors and the company's practice of its activity. Thirdly: Issuance of Bankruptcy Judge's Decision No. (5/2025) dated 2/11/2025, which ruled as follows: Inauguration of the procedures for structuring the company's indebtedness and appointing Mr. Mubarak Sabah Al-Jalawi as the Secretary for the Debt Restructuring.
Restructuring of Board of Directors and The following are the following:
Mr. Nader Yacoub Marafi – Chairman of the Board of Directors
Mr. Hussain Abdulla Johar – Vice Chairman
Mr. Abdulwahab Abdel Manaf Marafi – Board Member
Mr. Hamed Ayed Khashman Al-Shammari – Board Member
Mr. Hisham Jawad Mubarak Habib – Board Member
Hussein Abdullah Johar
Vice Chairman of the Board