Tawazun Holding Co.
Symbol Tawazun OTC Code 971 Type of Trade NEGDEAL
Date of last trade/ date of last hybrid deal:   10 March 2025
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Company Name Tawazun Holding Co.
Sector Holding
Sub-sector
Legal form Closed Kuwaiti Shareholding Company
Company establishment date 26 January 2015
Company purpose
  • Owning shares in Kuwaiti or non-Kuwaiti shareholding companies, as well as shares in Kuwaiti or non-Kuwaiti limited liability companies. The holding company can participate in their establishment, provide lending, management, and sponsorship services in collaboration with these entities.
  • Providing loans to companies in which the holding company holds shares and guaranteeing these loans with third parties, provided that the holding company's ownership in the borrowing company amounts to 20% or more of the capital.
  • Ownership of industrial property rights, including patents, industrial trademarks, industrial designs, and other related rights. These rights can be leased to other companies for exploitation, whether within Kuwait or outside the country.
  • Acquisition and ownership of movable assets and real estate necessary to support the company's operations, within the legal limits defined by the law.
  • Maximizing the utilization of the company's financial surpluses by investing them in financial portfolios managed by specialized companies and entities. The company has the flexibility to engage in these activities within Kuwait or internationally, either directly or through proxy arrangements. Additionally, the company is allowed to have interests or participate in entities conducting similar business or those that can assist in achieving its objectives, both in Kuwait and abroad. The company may establish, participate in, acquire, or affiliate with such entities.
Company profile Tawazun Holding Company, formerly known as Aayan Holding, is a closed Kuwaiti shareholding company that was established on January 26, 2015, in adherence to the regulations outlined in the Commercial Companies Law. The company is officially registered under No. 104993 in the commercial register.

Company Capital
As per the minutes of the Extraordinary General Assembly Meeting held on June 27, 2019, the previous capital of Tawazun Holding was KD 97,953,761.
In accordance with the company's financial report for the year ended December 31, 2022, the authorized, issued, and fully paid-up capital of Tawazun Holding stands at KD 68,032,688 (previously KD 75,000,000 in 2021). This capital is distributed among 680,326,880 shares, each with a nominal value of 100 fils per share. All shares have been paid in cash.
Shareholding records Kuwait Clearing Company (KCC)
Auditor
Date of joining the OTC Platform 30 December 2020
Type of deal NEGDEAL
Sharia'a compliant No
Source of Data Various credible sources
Last Updated On 07 June 2024
Location

Al-Qibla, Block 10 - Abdullah Al-Mubarak Street, Building 3, Floor 4, Office No. 9

Tel

Fax

22240941

Email Address

Website

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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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