Gulf Custody Company
Symbol GCC OTC Code 961 Type of Trade HYBRID
Date of last trade/ date of last hybrid deal:   30 October 2023
Last Price:   Last Price is available exclusively to certain of our subscriptions. Refer to the features of our different packages.

Disclaimer:
Almowazi has compiled a database of unlisted companies using information obtained from the unlisted companies themselves or from various official sources, including but not limited to company websites and/ or other disclosures made. This database provides updated information in an easily accessible format, allowing shareholders in these companies to follow up on these in real time.

Unlisted and private companies are not subject to the same regulations obligations as listed companies, therefore, by disclosing their information, they can improve transparency by updating their information on the Almowazi website by contacting Almowazi directly via email (info@almowazi.com) or phone. 
If a company wishes to remove the available information from this website, the management of the company can do so through the provided link or by contacting Almowazi telephonically on the numbers provided on its website.

However, it is important for shareholders, investors, and users of the Almowazi website to exercise caution and consult additional sources of information before making any investment decisions. 

Almowazi’ s website management does not accept legal responsibility for any discrepancies or lack of updates regarding the information provided on the website.

Company Name Gulf Custody Company
Sector Services
Sub-sector
Legal form Closed Kuwaiti Shareholding Company
Company establishment date 13 January 2001
Company purpose
  • Facilitating the clearing of securities transactions, including the settlement of amounts incurred or resultant from such activities.
  • Managing the recording and documentation of securities trading operations within its business remit in designated registers, opening client accounts for the same, and offering all related technical services.
  • Taking custody of securities, whether as a trusteeship or collateral, and safeguarding them, as well as maintaining all associated rights and benefits on behalf of their clients.
  • Maintaining shareholder registries for joint-stock companies and overseeing the transfer of ownership post-approval by the Kuwait Stock Exchange.
  • Serving as an investment trustee and overseeing investment funds as an investment controller.
  • Undertaking statistical analysis of trading volumes in securities markets and providing research and proposals to enhance and stimulate the growth of the capital market.
  • Utilizing the company's available financial surpluses by investing them in financial and real estate portfolios under the management of specialized firms and institutions.
On July 20, 2017, the Board of Commissioners of the Capital Markets Authority (CMA) granted the parent company the license to operate as an investment controller. Additionally, the company received approval to engage in custodian activities on December 4, 2019, for a renewable three-year term, subject to periodic reassessment and endorsement by the Capital Markets Authority.
Company profile

Gulf Securities Custody Company, initially established as Gulf Clearing, is a closed Kuwaiti shareholding company formed in the State of Kuwait. It was founded based on the Memorandum of Association No. 121/Volume 1, dated January 13, 2001. The company was officially registered under No. 83510 in the Commercial Register on February 6, 2001. Subsequently, on July 3, 2005, the company's name was changed to Gulf Securities Custody Company - K.S.C. (c) following a resolution passed in the Extraordinary General Assembly held on June 20, 2005.

Company Capital
As per the Company's annual financial report for the fiscal year ending on December 31, 2023, the issued and fully paid-up capital of Gulf Securities Custody stands at KD 5,770,835 (compared to KD 5,770,835 in 2022). This capital is divided into 57,708,350 shares with a par value of 100 fils per share, all fully paid in cash.
Shareholding records Kuwait Clearing Company (KCC)
Auditor Deloitte & Touche - Al Wazzan & Co.
Date of joining the OTC Platform 10 February 2020
Type of deal HYBRID
Sharia'a compliant No
Source of Data Various credible sources
Last Updated On 11 December 2024
Location

Sharq - Mubarak Al Kabeer St. - Zaid Al-Kazemi Building - Floor 6 - opposite Gulf Bank

Tel

22250600 - 22408140- 22250614- 22250611

Fax

22416289

Email Address

info@gulfcustody.com

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.

Edit / Update Request