United Towers Holding Company
Symbol United Towers OTC Code 439 Type of Trade HYBRID
Date of last trade/ date of last hybrid deal:   06 November 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 United Towers Holding Company
Sector Holding
Sub-sector
Legal form Closed Kuwaiti Shareholding Company
Company establishment date 04 January 2006
Company purpose The company engages in various activities, including:
1. Owning shares in Kuwaiti or foreign shareholding companies, as well as shares or stakes in Kuwaiti or foreign limited liability companies. Additionally, the company participates in the establishment, financing, management, lending, and guaranteeing of these types of companies along with others.
2. Providing loans to companies in which it owns shares and guaranteeing them with other parties. In such cases, the holding company's minimum capital participation in the borrowing company is required to be at least 20%.
3. Owning industrial property rights such as patents, industrial trademarks, franchises, or other related rights. The company leases these rights to other companies for exploitation, both domestically and internationally.
4. Owning movable assets and real estate that are necessary for conducting its business operations. The ownership and acquisition of these assets are in compliance with the permissible limits set forth by the applicable laws and regulations.
5. Utilizing the financial surpluses available to the parent company by investing them in investment and real estate portfolios that are managed by specialized companies.
Company profile

United Towers Holding Company K.S.C. (c) was incorporated as a joint stock company in Kuwait on May 7, 2006, in accordance with the Commercial Companies Law. The company is officially registered under Commercial Registration No. 84206.

Company Capital
The authorized, issued, and fully paid-up capital of United Towers, as stated in the annual financial report for the period ending June 30, 2021, amounts to KD 45 million (simliar to that of 2020). This capital is distributed over 450 million shares, each with a nominal value of 100 fils. All shares have been fully paid for 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 30 September 2024
Location

East - Khaled Bin Al Waleed Street - Block 5 - Al Shaheed Tower - Dur 10

Tel

22459494

Fax

22443535

Email Address

manal@unitedtowers.net

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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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