Company Highlights

Boursa Kuwait Deregisters Tharwa Investment as Market Maker for 16 Companies  

Boursa Kuwait announced its approval to deregister OTC 454 Tharwa Investment Company as a Market Maker for 16 companies’ shares, effective at the close of trading on December 31, 2025. The deregistration follows a request from Tharwa Investment and affects companies including National Investments Company (NIC), Al Eid Food Company, Gulf Cables & Electrical Industries Group, Kuwait Telecommunications Company (STC), Mabanee Company, IFA Hotels & Resorts, Boursa Kuwait Securities Company, Rasyat Holding, Combined Group Contracting Company, Integrated Holding Company, Commercial Real Estate Company, Al-Salhia Real Estate Company, Al Ahli Bank of Kuwait, Jazeera Airways, Beyout Holding, and Mezzan Holding.

Al Tijaria Subsidiary Partners with Oxygen Fitness to Develop Health Club in Q1 Project  

Al Tijaria Real Estate Company announced that its subsidiary, AlSalmiya Group for Enterprises Development (OTC 475), has signed an investment agreement with Oxygen Fitness Institute to develop and operate a health club within the Q1 project in Al-Qairawan.The Q1 project, developed in partnership with the Public Authority for Housing Welfare, covers 12,575 square meters and includes a commercial complex, health club, and public parking, with a 22-year investment term encompassing design, development, financing, operation, and maintenance.

CAPT Approves Wafra Real Estate’s One-Year Contract to Manage Souq Sharq  

The Central Agency for Public Tenders (CAPT) approved by a two-thirds majority the Ministry of Finance’s direct contract with Wafra Real Estate Company (OTC 410) to operate and maintain Souq Sharq (Waterfront – Phase 3) for one year at KD 1.25 million, under Article 18 of the Public Tenders Law. Souq Sharq, a prominent shopping mall inaugurated in 1998, was previously managed by the National Real Estate Company under a B.O.T. contract until February 2023. After the previous management’s evacuation, the Ministry handed over the mall to Wafra Real Estate in March 2023.

Results from Previous Assembly Meetings

Board Reduced to Five Members at Real Estate Facilities Company

Real Estate Facilities Company (OTC 350) approved reducing its Board of Directors from six to five members during its Extraordinary General Assembly. The company amended Article 14 of its Articles of Association to reflect the new Board structure. Shareholders can appoint representatives proportional to their shareholding, with these appointments deducted from the total elected Board members. Shareholders with appointed representatives may only vote for remaining Board seats within their share limits. Board members will be elected by secret ballot. If a new Board cannot be elected on time, the current Board will continue managing the company until a new Board is formed.

Trading in Real Estate Facilities closed this week at 78 fils per share. Since the beginning of the year, 1.9 million shares have been traded through 31 deals with a volume weighted average price (VWAP) of 80.6 fils per share.

Amwal International Holding Reduces Board to Three Members  

OTC 275 Amwal International Holding Company approved the Board of Directors’ recommendation to reduce the number of board members from five to three during its assembly meeting.

Shares in Amwal last traded at the end of Jan 2025 at 15.2 fils per shares.

Digital Alliances for Advertising Company Approves Voluntary Liquidation  

Digital Alliances for Advertising Company’s Extraordinary General Assembly approved the company’s voluntary liquidation in accordance with Kuwait’s Companies Law No. 1 of 2016 and its amendments. A legal liquidator with full authority to oversee the process was appointed. The liquidation period is set for one year, with the liquidator’s total remuneration finalized during the meeting.

Virtus Health Services Sets Six-Month Liquidation Period  

Virtus Health Services Company (OTC 862) approved a six-month liquidation period. The assembly appointed a responsible individual to oversee and complete the company’s liquidation and dissolution procedures.

Ahjar Holding, under liquidation, Announces Cash Surplus Distribution 

The legal liquidator of Ahjar Holding Company, made an announcement based on the Ordinary General Assembly’s resolution regarding the distribution of cash surpluses. Shareholders are invited to visit the Gulf Custody Company to collect their checks.

Upcoming Assembly Meetings

Jeeran Holding to Review 2024 Financials and Propose 30% Cash Dividend  

Jeeran Holding Company (OTC 202) has called its Ordinary General Assembly Meeting to review and approve the Board of Directors’ and auditors’ reports, financial statements, and related party transactions for the fiscal year ending February 28, 2025. The meeting will also address any regulatory violations, allocate 10% of net profit each to the statutory and voluntary reserves, and consider the Board’s proposal to distribute a 30% cash dividend (30 fils per share) to shareholders registered on the meeting date. Shareholders will discuss Board member remuneration, discharge Board liability for the year, and authorize the Board to manage up to 10% of the company’s share capital in treasury shares.

So far this year, 438,739 shares in Jeeran Holding has been traded through 20 deals at a volume weighted average price of 170.6 fils per share. In the last deal concluded on the 20th of Aug 2025, trading closed at 240 fils per share.

Asia Holding to Discuss Dividend Non-Distribution and Capital Reduction in September  

Asia Holding Company (OTC 498) will hold its Ordinary and Extraordinary General Assembly to review the financial results for the year ending December 31, 2024. The Board recommends withholding dividends and bonuses for Board members for fiscal year 2024.

Shareholders will also consider a capital reduction to offset accumulated losses of KD 13.86 million, reducing the company’s capital from KD 15.74 million to KD 2.14 million by utilizing optional and statutory reserves and offsetting the remaining losses against capital. Proposed amendments to the Memorandum and Articles of Association will reflect the new capital structure, decreasing shares from approximately 157.4 million to 21.4 million with a nominal value of 100 fils per share.

Active trading has been done in the company's shares this year with slightly more than 9 million shares traded through 44 deals at a volume weighted average price of 0.8 fils per share. In the last deal at the beginning of July 2025, trading closed at 1.2 fils per share.

Acico Construction Calls Shareholders to Review Debt Restructuring Plan  

Acico Construction Company (OTC 880) has invited shareholders to its Ordinary General Assembly on September 10, 2025. The agenda includes discussing the company’s intention to submit a preventive settlement request or pursue other legal procedures for restructuring and settling debts under Kuwait’s Bankruptcy Law (Law No. 71 of 2020). Shareholders will also consider authorizing the Board of Directors to take all necessary actions related to this process.

Trading in the company's shares has been limited to 6 deals with a volume weighted average price of 7.4 fils per share. In the last deal in the company's shares on the 6th of August 2025, trading closed at 10 fils per share.

Kuwait Asia Holding (KAH) Schedules Two Ordinary General Assemblies 

Kuwait Asia Holding Company (KAH) has invited shareholders to attend two Ordinary General Assembly meetings to review the financial years ending December 31, 2023, and December 31, 2024, respectively. There has been no trading activity in KAH’s shares during 2024 or so far this year.

Noor CM Holding to review financial statements  

Noor CM Holding Company will hold its Ordinary General Assembly to review the financial statements and other agenda items for the fiscal year ending December 31, 2024. There has been no trading activity in the company's shares during 2024 or so far this year.

Trading Update

This week, a total of 7.76 million shares were exchanged across 45 companies, up from 39 companies last week. For the third consecutive week both the volume and value of shares traded were lower compared to the previous week. The total trading value dropped to KD 318,600 down from last week's KD509,000.

Similar to last week, OTC 677 Rasameel Investment Company recorded the highest trading volume and value, with 6.03 million shares exchanged at a volume-weighted average price (VWAP) of 55 fils per share (compared to 47.45 fils per share last week. This week’s activity brings the total shares traded for the year to nearly 19 million, at a VWAP of 47.5 fils per share.

Shares of OTC 123 Kuwait United Poultry Company also saw active trading this week, bringing the total number of deals for the year to 48. So far in 2025, 68.3 million shares have been traded. Trading closed this week at 750 fils per share.

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Click here for the updated list of 140+ companies being traded as Hybrid deals - companies are sorted by OTC code. The latest joiners have been indicated in green while new hybrid companies since the beginning of the year are indicated in turquoise.

Prices as noted in this update refer to Real time information transmitted by Boursa Kuwait in accordance with the terms and conditions of Almowazi's License Agreement.

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