Companies Controller General Oversees the Handover of Licensing Certificates to a New Group of Insolvency Practitioners
His Excellency Dr. Wael Al-Armouti, Companies Controller General, today, Wednesday, 4 November 2026, presented licensing certificates to a number of applicants who had duly fulfilled all licensing requirements and conditions, thereby qualifying them to practise as insolvency practitioners in accordance with the provisions of the applicable legislation.
Dr. Al-Armouti emphasised the pivotal role played by insolvency practitioners in supporting businesses and companies experiencing financial distress, through the provision of appropriate solutions and the implementation of measures aimed at overcoming financial challenges and restoring their capacity to sustain their economic activities.
He further affirmed the Companies Control Department’s commitment to maintaining ongoing communication with insolvency practitioners and keeping them apprised of the latest developments in the insolvency framework. Such efforts are intended to contribute to the advancement of the profession, enhance the professional competence of its practitioners, and further strengthen the insolvency framework through the addition of a new group of duly licensed and professionally qualified practitioners.
