After the official and legal approvals were completed, the bankruptcy trustees committee of The Investment Dar Company obtained the legal permission to transfer ownership of Boubyan Bank shares from two Investment Dar subsidiaries to the creditors who agreed to settle their dues under the ratified liquidation plan (Category A), in their own names or to their investment portfolios, as reported by Al-Eqtisadiyah newspaper.
The committee, chaired by Dr. Ali Owaid Rukheyes with Mr. Ahmed Duaij Al-Duaij and Mrs. Hanadi Humoud Al-Bader as members, has begun phase one of the in-kind distributions in implementation of the bankruptcy judge’s decision. The newspaper reported that a first transfer of 5,674,796 shares has already been carried out.
Where the transferred shares come from
| Subsidiary transferring the shares | Boubyan Bank shares |
|---|---|
| Al-Turath Al-Areeq General Trading and Contracting Co. (شركة التراث العريق للتجارة العامة والمقاولات) | 31,501,699 |
| Al-Furas Al-Mutamayiza General Trading and Contracting Co. (شركة الفرص المتميزة للتجارة العامة والمقاولات) | 4,813,609 |
| Total | 36,315,308 |
The newspaper published the phase-one (Category A) list of entitled creditors, which has 19 entries.
Next steps
- The committee will complete the transfer of Boubyan Bank shares to the remaining parties listed under Category A, according to the approved timetable.
- The committee asked the creditors concerned to follow up on their investment portfolios and make sure their details are up to date with their brokerage firms; any delay in receiving those details is borne by the creditor.
- The committee affirmed its commitment to completing the remaining distribution phases for Category B and to carrying the settlement plan through until the liquidation file is closed.
Summary of a report published in Al-Eqtisadiyah newspaper (Kuwait), issue 759, 13 September 2026, pages 1 and 2. For details, the reference is what the trustees committee issues.