Kuwait Indian Holding Company was established on February 22, 2006, as a joint stock holding company. The constituent general assembly of the company took place on March 28, 2006. It operates as a subsidiary of Noor Financial Investment Company - K.P.S.C and National Industries Group Holding Company - K.P.S.C serves as the parent company. The company is officially registered in the commercial register under No. 112634.
In all of its business activities, the company strictly adheres to the teachings and provisions of the tolerant Islamic Sharia.
Company Capital:
The previous capital of Kuwait Indian was KD 2,300,000. During the Extraordinary General Assembly held on June 18, 2017, the shareholders decided to reduce the authorized capital from KD 2,300,000 to KD 2,100,000. This reduction was achieved by distributing cash of KD 86,926 to the shareholders, excluding the parent company, and settling the Murabaha investment amount from the parent company of KD 113,074.
On August 1, 2017, the Company's Articles of Association were amended to reflect the revised authorized and fully paid-up capital of KD 2,100,000.
As stated in the annual financial report for the fiscal year ending December 31, 2022, the current authorized, issued, and fully paid-up capital of Kuwait Indian Company is KD 2,100,000. This capital is divided into 21,000,000 shares with a nominal value of 100 fils per share, and all shares are fully paid in cash.
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