Connect with us


The financial woes of Abdullah Al-Humaidi




We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. You can unsubscribe at any time.

Abdullah Al-Humaidi (pictured left), the Kuwaiti businessman behind ‘the Dartford Disneyland’, might be at risk of flouting insolvency rules after the English courts enforced bankruptcy charges against him last year if he does not comply in full with the insolvency regulations.

Al-Humaidi had consolidated the family’s ownership into a holding company called the KEH Group whose principal investment was into the London Resort Company which, remains, an uncompleted mess. KEHC (UK) LTD from its latest filing of accounts shows massive losses.

Last year, The Telegraph reported that creditors are chasing Al-Humaidi for millions of pounds.

The outlet also reported that Al-Humaidi’s brother, Dherar Al-Humaidi (pictured right), joined the board of the London Resort Company in 2013 when Abdullah Al-Humaidi first invested in the now failed development theme park estimated to cost over £2.5 Billion when completed.

Dherar can continue to run the companies in the group because his brother cannot.

Following the bankruptcy, Abdullah Al-Humaidi resigned from his principal company, KEH Group, which held his interests in Ebbsfleet United – a football club in England’s fifth tier – and the London Resort Company.

KEH Group owns Ebbsfleet United via KEHC (UK), which Al-Humaidi was the director of until last month. KEHC (UK) previously controlled another company called, Vision 1A Limited, which before bankruptcy, was placed under the control of Razan Alabdulrazaq and Hessa Alajeel.


Coincidentally Razan and Hessa are the wives of Abdullah and Dherar Al-Humaidi.

This is not the first time that Al-Humaidi has used family members. After the Kuwaiti businessman was declared bankrupt by London’s High Court last year, he was replaced by his cousin on Ebbsfleet’s board.

Al Humaidi has only been declared Bankrupt since November of last year so the Official Receiver or whoever is managing the estate will have a lot of work to do in dealing with any statement of affairs when presented.

When a person is made bankrupt company directorships are cancelled,  credit cards are forbidden as are bank accounts, and there are a series of measures designed to investigate a bankrupt if necessary and to report any alleged wrongdoing.

Bankrupts can usually apply for release after a year from the date of declaration if the realization of assets is complete and cooperation has been in evidence.

There are pitfalls for any bankrupt person attempting to conceal or disperse assets.

Failure to disclose the full or true extent of a bankrupt individual's financial affairs, attempting to conceal assets, or dissipating assets following bankruptcy are all major offences that can have serious and damaging consequences for all involved.

Share this article:

EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter.