Kuwait Catalyst Company
Symbol Kuwait Catalyst ‏ OTC Code 485 Type of Trade HYBRID
Date of last trade/ date of last hybrid deal:   10 March 2024
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Company Name Kuwait Catalyst Company
Sector Industrial
Sub-sector Oil & Gas
Legal form Closed Kuwaiti Shareholding Company
Company establishment date 13 November 1996
Company purpose
- Production, importation, and marketing of catalysts for crude oil refining and the petroleum chemical industry.
- Provision of advisory and technical support services for catalyst usage.
- Design and innovation of various catalyst manufacturing methods.
- Handling all aspects of catalytic operations, including transportation, shipping, reactor filling, and unloading.
- Establishment of catalytic plants in Kuwait and the Middle East, along with the setup of international branches and partnerships with marketing agents.
- Promotion and enhancement of techniques for catalytic manufacturing processes in the fields of crude oil refining and petrochemicals.
- Management and disposal of consumables from petroleum refining and chemical manufacturing.
- Importation and manufacturing of raw materials for catalysts, as well as necessary packaging materials.
- Production and marketing of diverse additives for water treatment in industrial heating stages, steam generators, central heating networks, large heaters, and cooling devices.
- Utilization of financial surpluses by investing in specialized Islamic Sharia-compliant portfolios or traditional financing methods through collaboration with investment firms or banks.
- Purchase and importation of chemicals, industrial equipment, and technologies for chemical manufacturing across the Middle East and North Africa markets.
- Provision of safety, technology, and other consulting services, directly or through specialized agencies, for all energy sectors within Kuwait and the MENA region.
Company profile

Kuwait Catalyst Manufacturing Company - a Kuwaiti closed shareholding company, was founded in compliance with the Commercial Companies Law in Kuwait on November 13, 1996, and was officially registered under No. 68120. The most recent amendment to the Company's Memorandum and Articles of Association was recorded in the Commercial Register on October 20, 2020, following a decision by the Extraordinary General Assembly on September 21, 2020, pertaining to capital reduction.

Operating in accordance with Islamic Sharia, the company's factory commenced the production of catalysts in 2000. These catalysts are utilized in the purification of heavy oil components and are supplied to various clients, including Kuwait National Petroleum Company and numerous international companies in Korea, Japan, Europe, and the United States.

Company Capital:
- Formerly, Kuwait Catalyst Industries had a capital of KD 4,186,573.
- As per the company's annual financial report for the fiscal year ending December 31, 2022, the current authorized, issued, and paid-up capital of Kuwait Catalyst Industries stands at KD 2.5 million  (KD 2.5 million in 2021), distributed among 25 million shares valued at 100 fils each.

Shareholding records Kuwait Clearing Company (KCC)
Auditor BDO Al Nisf and Partners
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 21 November 2024
Location

Industrial Shuaiba - piece 2 - voucher 62

Tel

23262095- 23263957

Fax

23260956- 23262093

Email Address

admin@kcckw.com

Website

kcckw.com

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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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