Company Profile

Gulf Custody Company GCC (previously known as Gulf Clearing Company) was founded on January 13th, 2001 as a closed Kuwaiti shareholding company. It is subject to the provisions of the Companies Law No.1 of the year 2016 and its executive regulations in the State of Kuwait. It is also subject to the laws and regulations of the Kuwaiti Ministry of Commerce and Industry and the Capital Market Authority in accordance with the provisions of Law No. 7 of the year 2010, and its amended executive regulations issued by the Capital Market Authority Law No. (72) of the year 2015, and its amendments.

Chief Executive Officer: Hanadi Abdullah Al Shareeda

– Gulf Custody Company – Kingdom of Bahrain
– Gulf Custody Company – Sultanate of Oman

Board Members

Management of Gulf Custody Company is undertaken by a board of directors which consists of seven members elected by the General Assembly via a secret vote. Membership of the board of directors is for a period of three years and it is renewable. The board of the broadest powers to manage the company and carry out all the work required by the management of the company according to its objectives. Such power is not limited to anything other than what is stipulated by the law, the Articles of Association, or the resolutions of the general assembly.


Name Title Represent
Ghazi Ahmad Al Osaimi Chairman Kuwait Financial Centre – Clients 1
Nabeel Hamed Al Refaei Vice-Chairman The Public Institution for Social Security
Abdulrazzaq Talal Razooqi Board Member Kuwait Financial Centre – Clients 1
Mohammad Ahmad Al Ghannam Board Member Kuwait Financial Centre – Clients 1
Abdulaziz Basil Al Zamil Board Member Gulf Bank
Mahmoud Abdelwahab Al Refaei Board Member Independent
Roudhan Humoud Al Rodhan Board Member Independent


Mubarak Mahmoud Khaja Secretary


Hanadi Abdullah Al Shareeda Chief Executive Officer
Shareholder Name Contribution ratio %
Kuwait Financial Center – Clients 1 48.371%
Wafra International Investment Company – Customer Account 13.778%
Gulf Bank 9.065%

Major Shareholders

Name %
Kuwait Financial Center K.P.S.C – Clients 1 29.44%
Wafra International Investment Company- Clients Account 13.68%
Gulf Bank 9.06%
Kuwait investment company 9.06%

Financial Statements & Annual Reports

GCC Financial Audit Report 2022

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GCC Financial Audit Report 2021

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GCC Financial Audit Report 2020

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GCC Financial Audit Report 2019

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GCC Chairman Report

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GCC Financial Audit Report 2017

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GCC Financial Audit Report 2018

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