International Financial Advisors (IFA) Holding received a proposal to settle debts totaling KWD 2,442,817 and KWD 14,519,287 owed by IFA Hotels & Resorts entities.
The proposed settlement involves an in-kind transfer of shares in IFA Kuwait General Contracting for Buildings, which owns IFA Hotels & Resorts Limited and Zimbali Hotels & Resorts - South Africa.
Share values for the settlement will be determined by an independent and specialized firm using a fair valuation report.
The Board of Directors is scheduled to meet on February 17, 2026, at 1:30 PM to discuss the proposal.