Kuwait Clearing Company
Symbol Kuwait Clearing OTC Code 933 Type of Trade NEGDEAL
Date of last trade/ date of last hybrid deal:   14 November 2021
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Company Name Kuwait Clearing Company
Sector Services
Sub-sector
Legal form Closed Kuwaiti Shareholding Company
Company establishment date 15 July 2018
Company purpose
  • Engaging in clearing agency activities by providing settlement and clearing services for securities related to payment, delivery, or both, including the associated amounts, and offering all technical services connected, related, or resulting from this activity using the latest technologies and automated applications in compliance with the international standards approved by the Authority or as required or decided by the Authority.
  • Utilizing the company’s available financial surpluses by investing them in financial portfolios managed by specialized companies and entities.
  • Establishing companies solely for the company’s purposes.
  • Managing risks related to its activities and operations with the highest level of professionalism.
  • Registering and recording securities lending and borrowing transactions of all types in accordance with contractual terms.
  • Conducting statistical studies on trading operations in the securities market.
The company may carry out the aforementioned activities in Kuwait and abroad, either directly or through an agency. It may also engage in similar, complementary, necessary, or related activities to its stated purposes. The company may have an interest in, participate with, or cooperate in any manner with entities engaged in similar activities or those that may assist it in achieving its objectives in Kuwait or abroad. Furthermore, it may acquire or affiliate with such entities.
Company profile Kuwait Clearing Company (formerly Kuwait International Settlement and Clearing) was established as a Kuwaiti closed shareholding company in accordance with the provisions of the Commercial Companies Law on July 15, 2018, with a capital amounting to KD 20 million. This capital was paid by the company at the National Bank of Kuwait according to the letter issued on March 15, 2018, and is divided into 200 million shares  with a nominal value of 100 fils per share, all shares being cash shares. The company was registered in the commercial register under number 405112.

Company Capital
According to the approval granted at its General Assembly held on Monday, June 22, 2020, the capital of Kuwait International Settlement and Clearing was reduced to KD 10 million, divided into 100 million shares with a nominal value of 100 fils per share, all shares being cash shares.
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 26 August 2025
Location

El merqab S. 3, Section 16, floor O. 1, unit No. 29 Abdel Moneim Riad St

Tel

Fax

Email Address

Website

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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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