Acico Construction
Symbol Acico OTC Code 880 Type of Trade NEGDEAL
Date of last trade/ date of last hybrid deal:   28 January 2025
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Company Name Acico Construction
Sector Industrial
Sub-sector Construction & Engineering
Legal form Closed Kuwaiti Shareholding Company
Company establishment date 06 January 1990
Company purpose

- Construction of all types of concrete structures.

- Execution of various types of reinforced concrete, including precast, prestressed concrete, and other specialized concrete types through the usage of modern technology in various types of concrete constructions, buildings and projects.

- Perform civil, mechanical and electrical engineering work related to the Company's objectives.

- Produce all elements of reinforced concrete related to the Company's objectives, including the use of mixtures with various materials and molds.

- Carry out contractors work in relation to the Company’s objectives for both the public and private sectors, submit and execute tenders and related bids.

- Own materials, equipment, means of transportation, patents and trademarks necessary to carry out the Company’s objectives, trade, import, export and execute all related legal transactions.

- Carry out agency and commercial execution related to the Company’s objectives on behalf of foreign companies and corporations. The Company may have an interest with entities that carry out businesses similar to its own or that may be conducive in assisting the Company to achieve its objectives. It may buy, participate in, associate with or merge with such entities in Kuwait or abroad. 

- Own, sale and purchase real estate properties and land plots in Kuwait and abroad, as well as providing property management for third parties.

- Produce Ready Mix concrete.

- Produce various types of concrete products.

- Produce curbstones.

- Produce interlocking tiles.

- Produce cement bricks.

Company profile

ACICO Construction Co. is classified as Grade "1" construction and contracting entity by the Central Tenders Committee (CTC), the Ministry of Public Works, and Public Housing Agencies both in Kuwait and the United Arab Emirates. Since its establishment in 1990, ACICO Construction Company has been at the forefront in delivering innovative, practical and sustainable solutions in the Industrial, Commercial, Institutional and Residential sectors; standing out as the leading engineering, procurement and construction (EPC) contractor assigned multi-discipline projects. ACICO’s activities covers the local market in Kuwait and extends to UAE, with expansion plans to cover the GCC. ACICO’s capital is KWD 13 million, divided into 130 million shares, at 100 fils per share.

Vision:

- The Company aspires to be a globally recognized leader and trusted brand in every industry it enters through diversifying its activities, selfreliance, fulfilling its promises, and adopting a systematic plan without compromising quality.

Mission:

- Achieve growth and integrated development by maintaining the quality of our products and delivering them on time, in addition to building stable and lasting partnerships based on trust.

Performance:

- Our ethics shin through our daily activities as we strive to provide our services and products in line with quality expectations.

Future Aspirations:

- Achieve longterm growth and increase shareholders' returns.

Shareholding records Kuwait Clearing Company (KCC)
Auditor
Date of joining the OTC Platform 18 November 2018
Type of deal NEGDEAL
Sharia'a compliant No
Source of Data Various credible sources
Last Updated On 25 January 2023
Location

Sharq, Al Hamra Commercial Tower, Floor 34

Tel

Fax

22422103

Email Address

Info@acico.com.kw

Disclaimer

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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