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Sat, 04 Jul 2009 | 18:12 GMT

Mushrif Trading and Contracting Company   (MTCC.KSE)
Also known as: MTCC, Mushrif
Last Trade
0.158 KWD
0.00%
 
 
 
 
 
 
 
 
 
 
 
 
Company Updated: Jul 31, 2008
 
Joint Stock
 
 
Involved in civil, infrastructure and electromechanical contracting; engineering services; operation and maintenance of civil works and equipment; production of asphalt; trade in building materials.
1968
3,000 (As of Jul 31, 2008)
40,000 tons of asphalt per month
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30
UAE
Bahrain
Qatar
 
Saudi Arabia
Iran
 
 
Kuwait (3)
 
 
Iraq
 
 
 
 
MTCC 
Ordinary 
KWD 
 
 Key Officers
Fahad Khaled Abdullah Al Wazzan
Chairman and Managing Director
Saad Abdulaziz Al Wazzan
Director and Chief Executive Officer
 
 Contact Details
Address:
Feghan Al Mutarai Complex
1st Floor
Mubarak Al Kabirr Street
P.O. Box 32514
Rumaithiyah 25556
Kuwait
 
+965 2476-6172
+965 2476-6173
+965 2476-6174
+965 182-2227
 
+965 2474-1423
 
info@mushrif.com
 
www.mushrif.com

 
  Latest Headline
Construction of wastewater project at Airport Heights begins - Times of Oman
 
  Business Overview
The Kuwait-based Mushrif Trading and Contracting Company is a civil, electrical, mechanical, instrumentation and marine contractor and producer of asphalt and concrete. Through its subsidiaries, MTCC also specializes in civil contracting, trades in building materials and provides public transportation services.

The company’s core activities are civil, heavy, infrastructure and marine contractors for residential and commercial buildings, infrastructure projects that include roads, bridges and airports as well as oil and gas, water and wastewater, pipelines and pumping stations and other industrial projects. It produced 40,000 tons of asphalt per month, as of 2008, through its three factories.

MTCC carries out its activities through three major geographical sectors Kuwait, GCC and Iran where it generated a total of KWD83.4 million (USD307.7 million) of operating revenues in 2007. The company earned 55.9% of its Kuwait revenues, amounting to KWD46.6 million (USD171.9 million), from its subsidiaries, Foundmar, OilTech Trading and Contracting, and CRT General Trading. Foundmar is involved in marine and dredging works, while the other two subsidiaries both provide general contracting and trading services in Kuwait.

In the GCC, the company earned 42.7% of operating revenues, amounting to KWD35.7 million (USD131.6 million), through its Qatar branch as well as its UAE-based subsidiaries, the Mushrif National Construction Company, Cercon Civil Contracting and Al Hamed Transport. The remaining 1.3% of revenues amounted to KWD1.2 million (USD4.3 million) and accounted for MTCC’s operations in Iran, through its subsidiary, Loleh Polymer Concrete Pipe, a pipeline manufacturer.
 
 
 Major Shareholders
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  Organization Structure and Related Entities 
Subsidiaries/Associates/Affiliates
 
Name  Country  Holding
Al Hamed Transport UAE 100.00%
Cercon Civil Contracting UAE 100.00%
CRT General Trading and Contracting Kuwait 99.00%
Foundmar Kuwait 99.00%
OilTech Trading and Contracting Kuwait 99.00%
Loleh Polymer Concrete Pipe Iran 50.00%
Mushrif National Construction Company UAE 49.00%
 
 
  Representatives
Auditors
Ernst and Young
PricewaterhouseCoopers
Banks
BNP Paribas
Burgan Bank
National Bank of Kuwait
Gulf Bank
HSBC Bank
Abu Dhabi Commercial Bank
Law Firms
 
Abdulrahman Nasser Al Abdulali
 
 
 Summary Financials
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 Available to subscribers only. Information in this section includes key financials data such as Total Revenues, Net Profits, Totals Assets, Shareholder Equity, etc. » More Details
 
Company information provided by © 2009 ABQ Zawya Ltd.
 
 
    
 
 
 
 
 

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