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 phase-one list: 19 creditors (Category A)
The list as published by the newspaper, showing for each creditor the name to which the Boubyan Bank shares are to be transferred (as requested in the creditor’s letter) and the number of shares. Names are shown in Arabic, as they appear in the published list.
| No. | Creditor | Transferred to | Boubyan Bank shares |
|---|---|---|---|
| Transferred from شركة التراث العريق للتجارة العامة والمقاولات | |||
| 1 | شركة سولا ال تي دي | Same as creditor | 3,331,490 |
| 2 | شركة مشاريع الكويت الاستثمارية لإدارة الأصول | Same as creditor | 4,122,940 |
| 3 | شركة بيت الاستثمار العالمي | Same as creditor | 512,268 |
| 4 | بي ام أي بنك | Same as creditor | 1,094,090 |
| 5 | صندوق أموال النقدي | Same as creditor | 1,520,424 |
| 6 | شركة المسار للإجارة والاستثمار | شركة المسار للإجارة والاستثمار – حساب عملاء 1 | 1,797,089 |
| 7 | الشركة الدولية العمانية للتنمية العمرانية والاستثمار | Same as creditor | 1,115,328 |
| 8 | جمعية العون المباشر | Same as creditor | 695,624 |
| 9 | شركة كيو إنترناشيونال كونسلتنتس | Same as creditor | 20,087 |
| 10 | شركة المستثمر الدولي | Same as creditor | 1,163,388 |
| 11 | شركة ريجييرا | Same as creditor | 534,032 |
| 12 | شركة سولس اوبرتينتيس فاند 1 ال بي | Same as creditor | 1,175,782 |
| 13 | صندوق الدار المالي | Same as creditor | 7,922,894 |
| 14 | بيت الاستثمار الخليجي | شركة الكويت والشرق الأوسط للاستثمار المالي – عملاء 1 | 3,006,517 |
| 15 | شركة الفجر لإعادة التأمين التكافلي | Same as creditor | 3,489,747 |
| Transferred from شركة الفرص المتميزة للتجارة العامة والمقاولات | |||
| 16 | شركة سولس اوبرتينتيس فاند 1 ال بي | Same as creditor | 1,047,528 |
| 17 | الشركة العربية للاستثمار | Same as creditor | 1,622,565 |
| 18 | سولا ال تي دي | Same as creditor | 791,379 |
| 19 | في ار جلوبال بارتننرز ال بي | Same as creditor | 1,352,137 |
Note: the published totals are 31,501,699 shares from التراث العريق and 36,315,308 in all (see the table above). Items 1–15 as printed add up to 31,501,700, one share more than the published subtotal; the figures are shown here exactly as published.
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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.