Mena Holding
MENA Holding Company (KSE:MENAHOLD) is a public limited shareholding company based in Kuwait. The operates in accordance with Islamic Sharia.
History and overview
MENA Holding Company was founded on 1991 and listed in Kuwait Stock Exchange in 2005. The company's services includes real estate and industrial services, executing leisure and tourism projects, and owning shares in companies specialised in logistics business, construction, real estate, fisheries and livestock. The company possesses a stake equivalent to Kuwaiti Dinars 117 million in Egypt Gulf Company. The company is expanding in the Egyptian real estate market and is expecting a return on capital equal to around 40% annually.
Timeline
1988 |
Establishing El khaledia KSC for contracting with 50.000 KD Capital |
1991 |
El Othman and El Sedik for contracting WLL company with 50.000 KD |
1992 |
Capital to 100.000 KD – First Entertainment activity under name Kids village |
1993 |
Company's name change from El Othman and El Sedik contracting to El Othman and El Sedik general trading and contracting WLL |
1995 |
Establishing Othman For K-Span for iron and shades |
2001 |
Legal entity has been transferred to the company Othman and El Sedik for General Trading and Contracting to a closed shareholding company and became the company name is the International Industrial Projects Group - a Kuwaiti shareholding company (closed). |
2005 |
Company's Capital 2,950,000 KD |
2006 |
Company's capital Increase at $ 600/KD to become 3.188.208 KD |
2007 |
Company's name change from international group for industrial projects to become international holding group company 3.347.619 KD |
2007 |
Company's capital 10.010.000 KD , company's name change to MENA holding Co. |
2009 |
The company's capital is 60.000.000 Kuwaiti Dinars |
2010 |
The company's paid capital is increasing to 66.000.000 Kuwaiti Dinars |