Al- Sharq Financial Brokerage Co.
Symbol Al Sharq OTC Code 632 Type of Trade HYBRID
Date of last trade/ date of last hybrid deal:  
Last Price:  

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Company Name Al- Sharq Financial Brokerage Co.
Sector Financial Services
Sub-sector Brokerage
Legal form Closed Kuwaiti Shareholding Company
Company establishment date 04 June 1985
Company purpose
  • Execution of brokerage services for the securities authorized for trading on Boursa Kuwait.
  • The company is strictly prohibited from engaging in activities beyond the scope of securities brokerage, especially speculative trading in securities or any other form of commercial or real estate ventures.
  • Nonetheless, the company is permitted to invest up to half of its total capital or reserves in long-term investment shares, and it may acquire real estate for the purpose of establishing offices or providing residential accommodations for its employees. However, this is contingent upon obtaining prior approval from the Capital Markets Authority and adhering to the relevant guidelines and resolutions issued by the Authority.
  • Conducting transactions for the purchase, sale, and subscription to Sukuk and bonds solely on behalf of the company itself.
  • The company acts as a securities broker not being registered on the exchange.

 
Company profile

Al Sharq Financial Brokerage Company - K.S.C. (closed) was incorporated as a Kuwaiti closed shareholding company, memorialized in Memorandum of Association No. 9, which was duly notarized as document No. 326/F/Volume 1 on March 2, 1985. The company is listed in the Commercial Register with the number 39692, dated April 6, 1985. Al Sharq Financial Brokerage, also known as Orient Brokerage, has a capital of KD 10 million (ten million Kuwaiti Dinars), which is allocated across 100 million shares, each with a value of 100 fils.

Capital Structure of the Company:
According to the financial report ending December 31, 2022, the authorized, issued, and fully paid-up capital of Al Sharq Financial Brokerage is consistent with the previous year's capital at KD 10 million. This capital is divided into 100 million shares (one hundred million shares), with each share holding a nominal value of 100 fils, all of which have been completely paid for in 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 06 November 2024
Location

State of Kuwait – Kuwait City - Sharq Area – Bursa Kuwait Building – 4th Floor

Tel

22248422

Fax

22405000

Email Address

info@al-asharq.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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