Mubasher: Kuwait’s Ministry of Justice will hold two auctions in favour of the Industrial Bank of Kuwait.
The first auction, set to be on 24 July 2019, will offer the Kuwait Ready Mix concrete plant that spans an area of 5,000 square metres, located in Sulaibiya and owned by Kuwait Cement Ready Mix Company.
The auction comes as part of a court ruling on 5 December 2012 to repay a debt valued at about KWD 758,700, in addition to interests, expenses, and other dues until the full-repayment date.
Moreover, the second auction, scheduled to be held on 31 July 2019, will offer a land plot with an area of about 3,750 square metres in Bin Saleem Environmental Recycling that is located in Amghara Industrial Area, owned by Dar Maedti Company for General Trading and Contracting.
The second auction is a result of a court ruling on 12 November 2014 to repay a debt valued at KWD 1.125 million, in addition to interests, expenses, and other dues until the full-repayment date.
