Manafae Holding Company
Symbol Manafae OTC Code 273 Type of Trade HYBRID
Date of last trade/ date of last hybrid deal:   12 May 2025
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Company Name Manafae Holding Company
Sector Holding
Sub-sector
Legal form Closed Kuwaiti Shareholding Company
Company establishment date 05 October 2005
Company purpose
  • Owning shares in Kuwaiti or foreign shareholding companies, as well as shares or stakes in Kuwaiti or foreign limited liability companies. The company may also participate in the establishment, management, and sponsorship of such companies in collaboration with others.
  • Providing loans to companies in which the holding company owns shares, and guaranteeing those loans with others. The holding company's capital participation in the borrowing company should be at least 20%.
  • Acquiring and owning industrial property rights, including patent rights, industrial trademarks, franchises, or any other related rights. These rights can be leased to other companies for utilization, both within and outside Kuwait.
  • Owning shares and real estate necessary for conducting the company's business activities, within the legal limits permitted.
  • Invest surplus funds in financial portfolios managed by specialized companies and institutions.
  • All business activities shall be conducted in accordance with the teachings of the tolerant Islamic Sharia. The company will not engage in any usurious business, directly or indirectly, that contradicts the provisions of Islamic Sharia governing transactions.
  • The company may engage in the aforementioned activities within and outside Kuwait, either independently or in collaboration with other companies.
  • The company may have interests or actively participate in companies engaged in similar businesses or those that can help achieve its objectives, whether in Kuwait or abroad. It has the authority to establish, participate in, purchase, or merge with such companies.
Company profile

Manafea Holding Company K.S.C.C was established as a Kuwaiti closed shareholding company on May 10, 2005. 
The company's shares were listed on the Kuwait Stock Exchange on March 16, 2010.  On November 22, 2015, the company voluntarily withdrew from the main stock exchange.
All of the company's activities adhere to the principles of the tolerant Islamic Sharia.

Company Capital:

  • The authorized, issued, and fully paid-up capital of Manafea Holding, as stated in the annual financial report for the fiscal year ended December 31, 2020, is KD 10 million. 
  • This capital is distributed over 100 million shares, with a nominal value of 100 fils per share. 
  • All shares are paid with cash.
Shareholding records Kuwait Clearing Company (KCC)
Auditor AlWaha Auditing office
Date of joining the OTC Platform 18 November 2018
Type of deal HYBRID
Sharia'a compliant Yes
Source of Data Various credible sources
Last Updated On 19 September 2024
Location

East - Khaled Bin Al Waleed Street - Al Shaheed Tower - Floor 10 - 11

Tel

22925888

Fax

22475954

Email Address

Website

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.

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