Adam Capital Holding Company
Symbol Adam OTC Code 342 Type of Trade NEGDEAL
Date of last trade/ date of last hybrid deal:   22 September 2022
Last Price:   Last Price is available exclusively to certain of our subscriptions. Refer to the features of our different packages.

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Company Name Adam Capital Holding Company
Sector Holding
Sub-sector
Legal form Closed Kuwaiti Shareholding Company
Company establishment date 03 April 2004
Company purpose

- Manage the Company’s subsidiaries and affiliates and provide the necessary support.

- Invest the Company’s funds through trading in stocks and bonds,

- Own movable assets and real estate required to carry out the Company’s activities within the limits permitted by law.  

- Provide credit facilities to companies in which the Company owns shares and guarantee them to others, providing that the company must own at least 20% of the borrowing company's capital. Own intellectual property rights, patents, trademarks and industrial design rights for its own use and to rent them to others in Kuwait and abroad.

- Utilize the Company's surplus to invest it in financial portfolios managed by specialized companies.  The Company may carry out the above-stated objectives in Kuwait or aboard on its behalf or on behalf of others. The Company may have an interest with entities that carry out businesses similar to its own or that may be conducive in accomplishing its objectives, and it may buy, participate in, associate with or merge with such entities in the State of Kuwait or abroad, providing that all activities are carried out in accordance to the guidelines of Islamic Sharia principals.
Company profile

- ADAM Capital Holding Company K.S.C. (Closed), formerly known as (Al-Dar Asset Management) was established on 3 April 2004 as a Kuwaiti Closed Shareholding Company pursuant to the Kuwaiti Commercial Companies Law. The Company was registered in the Commercial Registry on 6 April 2004 under registration number (99764).

Capital:

- ADAM Capital Holding Company’s issued and fully paid capital as indicated in the Company’s Annual Report for the financial year ended 31 December 2013 is KWD 50 million (KWD 50 in FY2012) divided into 500 million shares, at 100 fils per share, all of which are cash shares.

- ADAM’s Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) held on 15 October 2017 passed a resolution to change the Company’s name and legal entity to a holding company (ADAM Capital Holding). The Company’s capital was reduced to KWD 10 million.

- ADAM Capital Holding Company’s issued, and fully paid capital is KWD 10 million, divided into 100 million shares, at 100 fils per share.
Shareholding records Kuwait Clearing Company (KCC)
Auditor
Date of joining the OTC Platform 18 November 2018
Type of deal NEGDEAL
Sharia'a compliant Yes
Source of Data Various credible sources
Last Updated On 12 November 2024
Location

East - Al Raya Commercial Center - Floor 30

Tel

1888866

Fax

22324321

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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