AlDorra Petroleum Services K.S.C.
Symbol AlDorra OTC Code 600 Type of Trade HYBRID
Date of last trade/ date of last hybrid deal:  
Last Price:  

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Company Name AlDorra Petroleum Services K.S.C.
Sector Industrial
Sub-sector Oil & Gas
Legal form Closed Kuwaiti Shareholding Company
Company establishment date 27 May 2002
Company purpose
Oil Industry Operations:
  • Undertaking all civil and oil-related construction works necessary within the oil sector.

Maintenance and General Services:
  • Providing maintenance and repair services for oil wells to augment their efficiency. 
  • Attending to the mechanical and electrical upkeep of equipment.
  • Conducting repairs and servicing of precision measurement and control instruments.
  • Handling the maintenance of facilities that remove sour gas from the oil extraction process.
  • Executing repairs and repainting jobs for oil storage tanks.
  • Overseeing the upkeep of docking areas for vessels, associated sites, and the maintenance of cooling systems in fields and heavy machinery.
  • Providing maintenance and operational services for polypropylene fertilizer production facilities.
  • Facilitating the gas liquefaction processes, oil blending activities, and servicing any other factories related to the oil industry.

Oil Environment:
  • Implementation and installation of portable equipment at oil sites for regular monitoring and measuring of air pollutants.
  • Provision of specialized technical personnel for pollution control efforts in marine areas surrounding oil operations.
  • Upkeep and assurance of safety for various oil infrastructure, pipelines, oil and gas carriers, refineries, production facilities and ancillary units, including the supply and installation of safety and security equipment and systems for oil terminals (such as CCTV, burglary alarms, fire suppression systems, and metal and explosives detectors).
  • Serving as intermediaries for all supplementary operations requisitioned by diverse companies with varying business interests and objectives across the prime oilfield zones of the oil sector (subject to approval from the Ministry of Energy).
  • Holding both movable and immovable properties as deemed essential to conduct business, within the constraints set by legal provisions.
  • Channeling available financial excesses from the parent company into investment portfolios, managed by firms and entities with specialized expertise.

Geographical Scope: 
The parent company is authorized to execute the activities mentioned above both domestically and internationally, in its own name or through delegation. The company has the liberty to undertake these operations within Kuwait and overseas, either directly or by proxy. Furthermore, the company is empowered to merge with, participate in, or contribute to other entities engaging in related services or those that could facilitate the accomplishment of its objectives, whether inside Kuwait or internationally. This may include initiating, purchasing, participating in the setting up of such entities, or assimilating them.
Company profile

Al-Dorra Petroleum Services Company - K.S.C. (c) was initially established under the name AQ Middle East - a W.L.L company on May 20, 2002. The company changed its legal entity to a Kuwaiti shareholding company on April 10, 2006 and the company's name was changed to Al-Dorra Petroleum Services Company - K.S.C. (c) on July 18, 2006. To operate in the service sector where the company maintains oil wells and sells, buys and transports oil derivatives and petrochemical products. 


Company Capital 

Al Durra Petroleum Services Extraordinary General Assembly held on Monday 10 June 2019 approved the reduction of its capital from KD 28.144 million (Twenty-eight million one hundred and forty-four thousand Kuwaiti Dinars) to KD 25,644,091 to amortize accumulated losses. 

The authorized, issued and fully paid up capital of Al-Durra Petroleum Services as stated in the Company's annual financial report for the year ended 31 December 2022 is KD 26,384,194 (KD 26,384,194 / 2021) distributed over 256,440,910 shares with a nominal value of 100 fils per share, and all shares are cash.
Shareholding records Kuwait Clearing Company (KCC)
Auditor
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 08 October 2024
Location

Mirqab– Abdullah Al-Mubarak Street – Al-Nafisi Tower – 6th Floor

Tel

24763981/5

Fax

24764584/6

Email Address

info@al-dorra.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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