Mena Holding k.s.c.

Mena Holding k.s.c. (Arabic: منا القابضة) is a Kuwaiti shareholding holding company established in 1991 and listed on the Kuwait Stock Exchange on 17 January 2005. It operates as a diversified investment holding vehicle, owning shares in Kuwaiti and foreign companies, limited liability companies, and participating in the establishment and management of companies. Its activities include real estate services, industrial services, entertainment and tourism projects, logistics, and real estate construction. The company also holds industrial property rights such as patents and trademarks, which it may lease or exploit inside or outside Kuwait. It may own movable and immovable property necessary for its activities within legal limits, and may lend to companies in which it holds at least a 20% stake, guaranteeing them to third parties. It invests surplus financial resources in portfolios managed by specialized firms. The company's paid-up capital is 66,000,000 Kuwaiti dinars, and its cash assets are estimated at USD 458,051,211, managed in accordance with Islamic Sharia. Mena Holding has subsidiaries and associates investing in Kuwait, Egypt, Morocco, and Qatar. Its investment sectors include industrial services, entertainment projects, tourism, logistics, and real estate construction. The board of directors includes Ahmed Ali Ahmed Al-Khudari (Chairman), Tarek Issa Sulaiman Al-Sultan (Vice Chairman), Tarek Hamoud Ali Al-Ghanim (Member), Walid Abdulaziz Abdullah Al-Roudhan (Member), and Issa Hassan Mohammed Bourhama (Member).

The group's history dates back to 11 April 1988, when Al-Khalidiya for Iron Contracting W.L.L. was established with a capital of 50,000 Kuwaiti dinars to produce metal furniture and kitchens. On 9 October 1991, Othman and Al-Siddiq for Building Contracting W.L.L. was founded with 50,000 Kuwaiti dinars for general building contracting and the sale of paints, blacksmithing, carpentry and construction tools. On 6 August 1992, the company's capital was increased to 100,000 Kuwaiti dinars, and a license was issued by the Ministry of Commerce and Industry to establish the first entertainment branch under the name Children's Recreation Village. On 3 October, an industrial plot of 2,000 square meters was allocated in Umm Al-Haiman for a factory for iron works and metal building systems, and the company's objectives became general trade and contracting (excluding real estate and shares) and ship supply. On 9 January 1993, the company name was changed from Othman and Al-Siddiq for Building Contracting to Othman and Al-Siddiq for General Trade and Contracting W.L.L. On 3 April 1995, approval was granted to license an industrial facility named Othman Establishment for K-Span for iron works, metal building systems and K-Span canopies. In October 2001, the legal entity of Othman and Al-Siddiq for General Trade and Contracting was converted into a Kuwaiti closed shareholding company, and the name became International Group for Industrial Projects – Kuwaiti Closed Shareholding Company. In 2002, the company purchased all remnants of the Iraqi army (heavy equipment, tanks, etc.) from the 1990-1991 Gulf War, achieving high profit margins from this deal. In May 2005, the company's capital was set at 2,950,000 Kuwaiti dinars. On 15 May 2006, capital was set at 3,188,208.600 Kuwaiti dinars. On 20 May 2007, the International Group for Industrial Projects was renamed Global Group Holding, and capital was set at 3,347,619.030 Kuwaiti dinars. On 25 November 2007, capital was set at 10,010,000 Kuwaiti dinars, and the name was changed from Global Group Holding to Mena Holding. On 17 May 2009, based on the general assembly, capital was set at 40,000,000 Kuwaiti dinars. On 31 May 2009, capital was set at 60,000,000 Kuwaiti dinars. On 31 May 2010, capital was set at 66,000,000 Kuwaiti dinars. The company was listed on the Kuwait Stock Exchange on 17 January 2005. Its consolidated financial statements include subsidiaries and associates as of 31 December 2014.

• Al-Khalidiya for Iron Contracting W.L.L. established with 50,000 KD capital.

• Othman and Al-Siddiq for Building Contracting W.L.L. founded with 50,000 KD capital.

• Capital increased to 100,000 KD; license for first entertainment branch 'Children's Recreation Village'.

• Industrial plot of 2,000 sqm allocated in Umm Al-Haiman for iron works factory.

• Company renamed Othman and Al-Siddiq for General Trade and Contracting W.L.L.

• Approval for Othman Establishment for K-Span industrial facility.

• Converted to Kuwaiti closed shareholding company; renamed International Group for Industrial Projects.

• Purchased Iraqi army remnants from Gulf War, achieving high profits.

• Listed on Kuwait Stock Exchange.

• Capital set at 2,950,000 KD.

• Capital set at 3,188,208.600 KD.

• Renamed Global Group Holding; capital set at 3,347,619.030 KD.

• Renamed Mena Holding; capital set at 10,010,000 KD.

• Capital set at 40,000,000 KD.

• Capital set at 60,000,000 KD.

• Capital set at 66,000,000 KD.

Diversified Sharia-compliant Kuwaiti holding company with interests across industrial, real estate, entertainment, tourism and logistics sectors.

Product categories. Holding company investments · Real estate services · Industrial services · Entertainment projects · Tourism projects · Logistics · Real estate construction

1. 1Mena Holding k.s.c. - Wikidatawikidata.org
2. 2منا القابضة - Wikipediaar.wikipedia.org