The Shared Electronic Banking Services Company
Symbol KNET OTC Code 322 Type of Trade NEGDEAL
Date of last trade/ date of last hybrid deal:  
Last Price:  

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Company Name The Shared Electronic Banking Services Company
Sector Financials
Sub-sector Banking
Legal form Closed Kuwaiti Shareholding Company
Company establishment date 13 September 1992
Company purpose
  • Conducting electronic payment and settlement system operations.
  • Implementing advanced technology in providing automated banking services tailored to the requirements of banks and their clients, including installation, purchase, and maintenance of all devices.
  • Establishing, equipping, and managing operation centers on behalf of the company or third parties.
  • Importing, marketing, and maintaining electronic computers and devices related to banking services, as well as data storage devices and their peripherals.
  • Designing systems and developing software for banking services.
  • Representing companies and acting as a commercial agent for companies specializing in the aforementioned fields.
  • The company may have an interest in or collaborate in any way with organizations engaged in similar activities to its own or those that may serve its purposes in Kuwait or abroad, including the option to acquire or affiliate with such organizations with the approval of the relevant authorities.
Company profile The Shared Electronic Banking Services Company "K-NET" was established in 1992 with the participation of all local banks at the time to connect local bank systems and provide a range of banking services using advanced technologies to keep pace with progress, considering international standards and measures for this industry. The company started offering services to the public of local banks in 1994 as a closed Kuwaiti shareholding company on September 13, 1992. The company was registered in the commercial register under number 46806.

Company Capital
 The authorized, issued, and fully paid-up capital of The Shared Electronic Banking Services Company "K-NET" amounts to KD 1 million distributed among 10 million shares with a par value of 100 fils per share, all shares are cash.
Shareholding records Kuwait Clearing Company (KCC)
Auditor
Date of joining the OTC Platform 18 November 2018
Type of deal NEGDEAL
Sharia'a compliant No
Source of Data Various credible sources
Last Updated On 30 October 2024
Location

Fahad Al Salem Street - Souad Tower - 7th floor - opposite the Municipality Park

Tel

1820222

Fax

22430381

Email Address

knet@kems.net

Website

www.knet.com.kw

Disclaimer

If a company wishes to remove the available information from this website, the management of the company can do so through the provided link and by contacting Almowazi telephonically on the numbers provided on its website.

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