YIACO Medical Co
Symbol YIACO OTC Code 241 Type of Trade HYBRID
Date of last trade/ date of last hybrid deal:   24 August 2025
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Company Name YIACO Medical Co
Sector Services
Sub-sector Healthcare
Legal form Kuwaiti Public Shareholding Company
Company establishment date 30 November 2002
Company purpose
  • Engage in the trading of medicines and medical equipment, including participation in government and private tenders.
  • Establish and oversee the management of medical centers, hospitals, clinics, and laboratories.
  • Provide in-home medical services and support for elderly individuals.
  • Conduct medical industry-related studies, research, and consultations.
  • Contract with healthcare professionals for clinic, pharmacy, and laboratory services.
  • Maintain medical devices and equipment, and hold necessary real estate and transportation assets for company operations.
  • Invest surplus funds in financial and real estate portfolios managed by specialized entities.
  • Import chemical products and offer dental services to companies and institutions.
  • Lease and re-lease real estate, and utilize surplus funds for business purposes.
  • Engage in the purchase and sale of shares, real estate, stocks, bonds, and other financial assets for corporate gain.
  • Own movable and real estate assets for investment purposes, potentially through mutual funds.
  • Operate a General Trade Office and engage in business partnerships with entities that align with the parent company's objectives in Kuwait or abroad.
Company profile
Yiaco Medical Company K.P.S.C. (Kuwait Public Shareholding Company) was established on November 30, 2002, in compliance with the Commercial Companies Law under Commercial Registration No. 12968. The company's operations are governed by Islamic Sharia principles. It was listed on the Kuwait Stock Exchange on November 7, 2007, and was delisted from Boursa Kuwait on Thursday, February 15, 2024.

Company Capital -
According to the financial report for the year ended December 31, 2023, Yiaco's authorized capital is KD 10million  distributed over 100 million shares with a value of 100 fils each, all of which are cash. The paid up capital, as reported for the same period, stands at KD 2 million  distributed over 20 million shares with a nominal value of 100 fils each. The paid-up capital of the company is recorded in the financial report for the year ended December 31, 2023, at KD 158,730.
On Thursday, 15 March 2024, the YIACO Extraordinary General Assembly (postponed) approved an increase in the Company's paid-up capital from KD 158,730 to KD 342,857 distributed over 3,428,570 shares with a nominal value of 100 fils per share. 
Shareholding records Kuwait Clearing Company (KCC)
Auditor PricewaterhouseCoopers Al Shatti & Co.
Date of joining the OTC Platform 19 February 2024
Type of deal HYBRID
Sharia'a compliant Yes
Source of Data Various credible sources
Last Updated On 18 September 2024
Location

State of Kuwait - Salmiya - Block 5 - Amr Bin Al-Aas Street - Sama Tower

Tel

1894226

Fax

2230600

Email Address

info@www.yiaco.com

Website

www.yiaco.com

Contact Person

Osama Nasser

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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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