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 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 year 2010, and its amended executive regulations issued by the Capital Market Authority Law No. (72) of year 2015, and its amendments.

Subsidiaries:
– 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
Mr. Ali Faisal Al-Mutawa Chairman Bayan Investment Company
Mr. Nabeel Hamed Al Refai Vice-Chairman Public Institution for social security
Mr. Ammar Taleb Hajeyah Board Member Gulf Bank
Ms. Dina Yousef Al Hasawi Board Member Kuwait investment company
Sheikh. Jarrah Muneer Al Sabah Board Member Commercial Bank of Kuwait
Mr. Jassim Mohammad AlMusallam Board Member Himself
Mr. Roudhan Humoud AlRoudhan Board Member Independent

 

Mr. Hanadi Abdullah Al Shereeda Secretary

Major Shareholders

Name %
Jassim Mohammad Sulaiman AlMusallam 16.65%
Wafra International Investment Company- Clients Account 13.68%
Gulf Bank 9.06%
Kuwait investment company 9.06%
Bayan Investment Company 9.06%
Commercial Bank of Kuwait 6.72%

Financial Statements & Annual Reports

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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