By: Mohamad Farouk
Mubasher: Boursa Kuwait announced that Integrated Holding Co will start trading its shares on the Premier Market under the industrial segment as of Sunday, 15 July 2018.
The listing of Integrated Holding is considered the first listing for a joint-stock company in 2018, and the first listing for a family-business firm in the past four years.
Integrated Holding focuses its investment plans inside and outside Kuwait, with the largest market share of providing huge equipment for projects in the oil sector.
The company’s income from working in the oil and gas sector in Kuwait represents about 90% of Integrated Holding’s operating revenues.
In fiscal year 2017, Integrated Holding achieved an increase of 36.1% in profits to KWD 13.31 million, compared to KWD 9.78 million in 2016.
The newly-listed Integrated Holding has paid 30% of the capital as cash dividends for FY17.
In the first quarter of 2018, Integrated Holding recorded a surge of 50% in profits to KWD 5 million from KWD 3.3 million in the corresponding period last year.
Integrated Holding was founded in 2005 with a capital of KWD 22 million distributed on 220 million shares at a par value of 100 fils each.
