Awtad Real Estate Company
Symbol Awtad OTC Code 394 Type of Trade HYBRID
Date of last trade/ date of last hybrid deal:   19 January 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 Awtad Real Estate Company
Sector Real Estate
Sub-sector
Legal form Closed Kuwaiti Shareholding Company
Company establishment date 11 November 2003
Company purpose
The company is engaged in various real estate activities both within and outside of Kuwait, including owning, selling, buying, and developing real estate and land, as well as managing properties for others. These activities are conducted in compliance with existing laws and regulations, including restrictions on trading private housing vouchers.
Additionally, the company buys and sells shares and bonds of real estate companies, offers real estate consulting services, and performs maintenance work on buildings and real estate owned by the company and others.
The company also organizes real estate exhibitions, invests financial surpluses in specialized portfolios, and contributes to infrastructure development in residential, commercial, and industrial areas with a BOT system. All business operations are conducted in adherence to the principles of Islamic Sharia.
Company profile

The Awtad Real Estate Company - KSC. (Closed) is a closed Kuwaiti shareholding company registered in the State of Kuwait. The company was incorporated under the Articles of Association No. 5278 / Leather 1 dated November 11, 2003 and its subsequent amendments, the most recent of which was marked in the Commercial Registry under No. 97228 dated May 9, 2017.

The company's capital:

The previous capital of Awtad Real Estate was an amount of KD 38,835,839.

The extraordinary general assembly of Awtad Real Estate held on March 3, 2019 agreed to increase the company's authorized, issued, and paid-up capital from KD 38,835,839 to KD 40 miilion. 

The current authorized, issued and fully paid Awtad Real Estate's capital is KD 40 million distributed over 400,000,000 shares, each share value of 100 fils.

The authorized, issued and fully paid-up capital was again updated as per the minutes of its association that was published in Kuwait Alyoum newspaper, Issue 1494 issued on August 2, 2020 for the fiscal year ending on December 31, 2019, is an amount of KD 41,200,941 distributed over 412,009,410 shares with a nominal value of 100 fils per share, and all shares are cash.

Shareholding records Kuwait Clearing Company (KCC)
Auditor Baziea & Partners (RSM)
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 29 September 2024
Location

Kuwait - Fahad Al Salem Street - Awtad Tower - next to Al Muthanna Complex - Floor 18-19

Tel

22598888

Fax

22598889

Email Address

info@awtad.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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