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عربي

Mushrif Trading and Contracting Company

   (MTCC.KSE)
Also known as: MTCC, Mushrif
Last Trade
0.081KWD
- 2.41%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Updated: Jul 20, 2011
 
 
 
Country

Kuwait

Ownership Type
Company Type
Limited Liability
 
 
 
Zawya Industry Classifications (ZIC)
Sector Industry

Conglomerates

Construction

Industrial Manufacturing
Power and Utilities
Transport
 
Principal Activities
Civil contractors for heavy industries, buildings and infrastructure projects; electromechanical and marine contracting; installation of pipelines; engineering consultancy services; trading in building materials; manufacture and distribution of asphalt, concrete and steel products; distribution of pipes, pumps and instrumentation control systems; operation and maintenance of equipment; local truck transportation; piling and painting works; micro-tunneling and dewatering services; waste water treatment.
 
Date of Establishment Year
1968 (January)
 
No of Employees
8,500 (3,000 Company, 8,500 Group, N/A Headquarters) (As of Jul 08, 2011)
 
Principals and Agencies
Balmier Lawrie Benxi Beitai Ductile Pipes Berson Milieutecknick
 
Bio Industries Cimac Automaton Continental Industries
 
European Platform Systems Hebei Newton Pipes Hydroxyl Systems
 
Liaiyang Steel Tubes Likusta Limnotec
 
Longkou Fanlin Nodular Cast Iron Pipes Mass Aritma  
 
Branches
UAE Iraq  
 
Factories and Plants
Kuwait    
 
Representative Offices
Bahrain    
 
Stock Market Listing
Exchange Symbol ID Stock Type Currency
Kuwait SE  MTCC MTCC.KSE Ordinary KWD
 
 
Contact Details
Address:
Building 1666
Street 7
Al Rai Area, Plot 1666
P.O. Box 32514
Hawalli Rumaithiyah 25556
Kuwait
 
Tel:
+965 2476-6172
+965 2476-6173
+965 2476-6174
 
Fax:
+965 2444-1423
 
Email:
info@mushrif.com
 
Website:
www.mushrif.com
 
Related Links:
www.sctkuwaitjv.com

 
 
 Business Overview
The Kuwait-based Mushrif Trading and Contracting Company is a civil, electrical, mechanical, instrumentation and marine contractor and producer of asphalt, steel and concrete. Through its subsidiaries, MTCC also specializes in civil contracting, trades in building materials and provides transportation services. It also does painting and piling works as well as operation, maintenance, engineering consultancy and waste water treatment 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.

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.
 
 
 Major Shareholders  Section Updated: 15Sep11
Name   Type  Country  Holding 
Gulf Consortium 2  Corporate Kuwait 50.00% 
Khada Murad Murtada Dahkani  Private Kuwait 17.04% 
Mezoun Real Estate Company  Corporate Kuwait 13.40% 
Al Wazzan Kuwaiti General Trading and Contracting Company  Corporate Kuwait -
Arady  Corporate UAE -
Public   - 19.56% 
 Note: Arady and Al Wazzan Kuwaiti General Trading and Contracting Company shares are part of the public stake
 
 
 Foreign Ownership Limits
 
Owned Permitted
100%
GCC Nationals
 
100%
Foreigners
 
 
 
 Direct Investments and Related Entities 
Subsidiaries/Associates/Affiliates
Name  Country  Holding 
Al Hamed General Transport [Al Hamed] UAE 100.00%
CRT General Trading and Contracting [CRT] Kuwait 100.00%
Cercon Civil Construction [Cercon] UAE 100.00%
Foundmar for Foundation Marine Work and Contracting Company Kuwait 100.00%
Mushrif Trading and Contracting Company - Iran Iran 100.00%
Mushrif Trading and Contracting Company - Qatar Qatar 100.00%
Oil Tech General Trading and Contracting Kuwait 100.00%
Mushrif Kayson Iran 40.00%
SCT Kuwait Joint Venture Kuwait 40.00%
 
 
 Representatives
Auditors
Al Aiban Al Osaimi and Partners - Ernst and Young Saud Al Humaidi and Partners - Baker Tilly
Banks
BNP Paribas Burgan Bank
Gulf Bank HSBC Bank
National Bank of Abu Dhabi  
Law Firms
Al Othman and Khalaf Law Office  
 
 
 Financial Results  31-Dec-09  31-Dec-10   Yr on Yr 
  KWD'000 KWD'000 change (%)
Total revenues  38,392 46,260 20.49
Net profit  799 1,571 96.63
Total assets 95,035 77,460 (18.49)
Paid-up capital 20,000 20,000 0.00
Shareholders' Equity 24,369 25,136 3.15
Shares outstanding 199,710 199,710 0.00
Market capitalization 34,350 26,362 (23.26)
» View Full Financials