Ikarus Petroleum Industries Co.
Symbol IKARUS OTC Code 250 Type of Trade HYBRID
Date of last trade/ date of last hybrid deal:   25 March 2025
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 Ikarus Petroleum Industries Co.
Sector Industrial
Sub-sector Oil & Gas
Legal form Closed Kuwaiti Shareholding Company
Company establishment date 01 February 1997
Company purpose
  • Manufacturing all types of chemicals, petrochemicals and any other related materials (subject to the approval of the Public Authority for Industry).
  • Establishing, managing, operating and owning chemical projects and marketing their products.
  • Establishing, managing, operating and owning chemical and petrochemical projects and marketing their products (subject to the approval of the Kuwait Petroleum Corporation).
  • Selling, purchasing, supplying, distributing, exporting and storing chemicals and their subsidiary materials and participating in all activities related to that, including but not limited to the establishment and rental of the necessary services.
  • Selling, purchasing, supplying, distributing, exporting and storing chemicals, petrochemicals and their subsidiary materials and participating in all related activities, including but not limited to the establishment and leasing of the necessary services (subject to the approval of the Kuwait Petroleum Corporation).
  • Contribute to the capital of companies of all kinds inside and outside Kuwait that engage in business similar to the company's purpose.
  • Exploiting the financial surpluses available to the company by investing them in financial portfolios and funds managed by specialized bodies, whether inside or outside Kuwait.
  • The company may have an interest or participate in any way with entities that carry out similar business or that may assist it in its purposes in Kuwait or abroad, and may buy, participate or attach these bodies to them.
Company profile

Ikarus Petroleum Industries Company K.S.C.C was established on February 1, 1997, as a joint stock company under the Commercial Companies Law of Kuwait. It is registered under Commercial Registration No. 71653. It is a subsidiary of National Industries Group Holding. 

The company's shares were listed on the Kuwait Stock Exchange on April 14, 2008. However, on February 9, 2017, Ikarus Petroleum Industries voluntarily withdrew from the Kuwaiti market.

Company capital:
As of the financial report for the year ended December 31, 2019, Ikarus Oil Industries had an authorized, issued, and fully paid-up capital of KD 66,937,500. In the financial report for the year ended December 31, 2021, Ikarus Petroleum Industries' authorized, issued, and fully paid-up capital is KD 50,000,000 (KD 60,243,750 as of 2020). This capital is distributed over 500,000,000 shares with a nominal value of 100 fils per share, and all shares are paid in cash.
Shareholding records Kuwait Clearing Company (KCC)
Auditor Grant Thornton - Al-Qatami, Al-Aiban & Partners
Date of joining the OTC Platform 18 November 2018
Type of deal HYBRID
Sharia'a compliant No
Source of Data Various credible sources
Last Updated On 18 September 2024
Location

Thunayan Al-Ghanim Street, next to Salhia Complex - Qibla Square Tower, 32 nd floor

Tel

22247634

Fax

22247635

Email Address

info@ikarus.com.kw

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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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