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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
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Gulf Consortium 2
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Corporate |
Kuwait |
50.00% |
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Khada Murad Murtada Dahkani
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Private |
Kuwait |
17.04% |
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Mezoun Real Estate Company
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Corporate |
Kuwait |
13.40% |
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Al Wazzan Kuwaiti General Trading and Contracting Company
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Corporate |
Kuwait |
- |
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Arady
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Corporate |
UAE |
- |
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Public
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- |
19.56% |
Note: Arady and Al Wazzan Kuwaiti General Trading and Contracting Company shares are part of the public stake
100%
GCC Nationals
100%
Foreigners
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Direct Investments and Related Entities  |
| Subsidiaries/Associates/Affiliates |
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| 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% |
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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 |
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Law Firms
| Al Othman and Khalaf Law Office |
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| Financial Results |
31-Dec-09 |
31-Dec-10 |
Yr on Yr |
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KWD'000 |
KWD'000 |
change (%) |
Total revenues  |
38,392
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46,260
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20.49 |
Net profit  |
799
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1,571
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96.63 |
| Total assets |
95,035
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77,460
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(18.49) |
| Paid-up capital |
20,000
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20,000
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0.00 |
| Shareholders' Equity |
24,369
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25,136
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3.15 |
| Shares outstanding |
199,710
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199,710
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0.00 |
| Market capitalization |
34,350
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26,362
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(23.26) |
| Note: Current shares outstanding is 200,000,000 |
| » View Full Financials |
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