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Fri, 09 Jan 2009 | 04:04 GMT

Sultan Center Food Products   (SULTAN.KSE)
Also known as: TSC
Sector | Industry
Conglomerates | Multi-line
 
Country of Origin
Kuwait
Last Trade
0.194 KWD
+ 1.04%
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Updated: Jan 31, 2008
 
Joint Stock
 
 
Construction of centers and restaurants; distribution of foodstuff, beverages, clothes and garments; operation of retail outlets; trade and installation of telecommunication equipment; investment and development of real estate projects; investment in trade marks.
1976
7,000 (Group)
Café Sultan
Jeans Grill
Sultan
 
Androni Giocattoli
Ataman Cosmetics
Bandolera
 
Bedo
Ben Sherman
Brubaker
 
Ceres Juice
Chi-Chi's
Chocolates Garoto
 
Claire
Continental
Emjoi
 
Gulf Hygienic Industries
Human
Kamiseta
 
Marconi
Mavi
Meccano
 
Motton Cuts
NEC
Nabil Factory
 
Naf Naf
Ocean Spray
Pilgrim Choice Cheese
 
Polar Fruits and Vegetables
Quicksilver
Rhino's Energy Drink
 
Richmond Beef
Roxy
Ruby Tuesday
 
Sofi de France
Tom Tailor
Tumbleweed
 
Union Bay
Zoump
Sabco
 
Ekro
Gold Kenn
Lego
 
Black and Decker
Shurfine
 
 
Jordan
Oman
 
 
Kuwait (31)
UAE (14)
Bahrain (6)
 
 
 
SULTAN 
Ordinary 
KWD 
 
 Key Officers
Ayman Bader Sultan Al Essa
Chairman and Managing Director
Abdulsalam Bdeir
Chief Executive Officer
 
 Contact Details
Address:
Sultan Bin Issa Complex, Building 44
Block 1, 14th Floor
Street Number 7
Dajeej Area Number 19
P.O. Box 26567
Farwania Safat 13126
Kuwait
 
+965 2434-1990
+965 2434-3155
 
+965 2431-8656
+965 2432-2842
 
tsc@sultancenter.com
 
www.sultan-center.com
 
www.unitedcapitalgroup.com
www.usgerp.com
www.rubytuesday.com

 
  Latest Headline
EFG-Hermes: The Sultan Center (01-Dec-08) - EFG Hermes
 
  Business Overview
The Kuwait-based Sultan Center Good Products (TSC) holds a portfolio of companies primarily engaged in retail supermarkets, restaurants and catering, import/export, consumer goods, telecom equipment sales, investment, security services and equipment as well as fashion. The publicly listed company has a portfolio that includes 51 retail outlets and over 40 representative agencies in the Middle East. It holds a 15% share of the Kuwaiti retail market, as of 2007.

The Sultan Center Restaurant division operates local and international franchises such as the Kuwait-based Jeans Grill and Café Sultan and the US-based Chi-Chi’s and Tumbleweed.

TSC’s trading division, Market Vision Trading, a legally separate entity with no national or regional restrictions, develops local and international strategic trading partnerships.

Specialty Fashion Group operates 15 international retail outlets as of 2007 in the Gulf with brands including Naf Naf, Quiksilver, Ocean Pacific and others. The division has plans to expand throughout the Middle East.

TSC provides telecom services through its subsidiary, ATCO, which specializes in communication networks involving fiber optics, microwave transmission, and various narrow band and broadband systems. The company’s Sultan Telecom is the sole telecommunications service provider in the Kuwait Free Trade ZoneKuwait Free Trade ZoneLoading....

The United Capital Group is TSC’s investment arm, mainly focusing on the establishment or investment in companies, private placement, and investment in real estate and trading securities, financial consultancy, valuations and management of companies.

TSC acquired Geant Casino and Monoprix from the Lebanese AdmicAdmicLoading... company via the Kuwait Sultan Center—Lebanon, in July 2008, for KWD28.6 million (USD108 million).

The Sultan Center originated as PSC Supply, a provider of hardware to the oil industry before beginning its transformation in 1981 as a multi-line conglomerate. TSC opened its first overseas retail store in 1999, the Sultan Center Oman, which became one of the largest retail stores in the country, prompting the launch of a second Oman-based store, in 2005, the Wholesale Center Al-Khoud. TSC expanded into Jordan with the acquisition of Safeway Jordan, in 2003.
 
 
 Major Shareholders
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  Organization Structure and Related Entities
Subsidiaries/Associates/Affiliates
 
Name  Country  Holding
ATCO General Trading and Contracting Kuwait 100.00%
Arab Market General Trading and Contracting Kuwait 100.00%
Brothers Holding Company Kuwait 100.00%
Daliya Al Wataniyah General Trading and Contracting Company Kuwait 100.00%
Gezlan Al Deerah General Trading and Contracting Company Kuwait 100.00%
Gulf United Real Estate and Tourism Investment Company Kuwait 100.00%
Jordan Investment and Supply Company Jordan 100.00%
Market Vision General Trading and Contracting Company Kuwait 100.00%
National Energy Company Kuwait 100.00%
Style Company for Readymade Garments Kuwait 100.00%
Style Kuwait International Readymade Garments UAE 100.00%
Sultan Al Jazeera Catering Company Kuwait 100.00%
Sultan Bin Essa Sons Company Kuwait 100.00%
Sultan Holding Bahrain Bahrain 100.00%
Sultan Telecom Kuwait 100.00%
The Sultan Center Kuwait 100.00%
The Sultan Center - Lebanon Lebanon 100.00%
The Sultan Center - Oman Oman 100.00%
United Capital Group Kuwait 100.00%
United Security Group Company [via Ayman Bader Sultan Bin Essa and Partners]] Kuwait 100.00%
White Tower Company for General Trading and Contracting Kuwait 100.00%
Sultan Center Trading and General Contracting Kuwait 99.90%
Khaleej Fashion Franchises Bahrain 95.00%
Speciality Fashion Group Kuwait -
Investments
 
Name  Country  Holding
Al Khuraif Company [via National Energy Company ] Kuwait 12.00%
Divisions
 
Name  Country  Holding
TSC Discount Center Kuwait -
The Sultan Center Restaurants Kuwait -
 
 
  Representatives
Auditors
Al Bazie and Company
Al Waha Auditing Office
Banks
Al Ahli Bank of Kuwait
National Bank of Kuwait
Law Firms
 
Omar Al Issa Office
 
 
 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
 
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