The Contracting and Marine Services Company, a closed Kuwaiti shareholding company, was established on September 13, 1973, under Memorandum No. 1166/Leather 3. Its shares were listed on the Kuwait Stock Exchange on September 29, 1984. The company, registered under No. 19481, voluntarily withdrew from the Kuwaiti market on June 7, 2017.
The company specializes in various marine contracting works, including maintenance and services for marine, petroleum, and oil-related activities at sea. It has expertise in drilling oil wells and is actively involved in the oil industry. The company has also established subsidiary companies such as the Kuwait Excavation Company and the International Marine Construction Company. Additionally, it participates in and invests in various companies and investment portfolios.
Company capital:
As of the financial report for the fiscal year ending December 31, 2023, the authorized, issued, and fully paid-up capital of the Contracting & Marine Services Company is KD 22,916,620 (KD 22,916,620 / 2022). This capital is distributed among 229,166,199 shares, with a value of 100 fils per share.
The company's vision is to work towards maximizing profits and fulfilling the aspirations of its shareholders. Notable achievements since its inception include the establishment of the International Marine Construction Company in 1974 and the establishment of the Kuwait Excavation Company in 1976.
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