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ACICO Industries Company KSCP
Al Hamra Tower, 34th Floor, sharq,
P.O. Box 24079
Phone: +965 22422100p:+965 22422100 KUWAIT CITY, 13101  Kuwait Ticker: ACICOACICO
Business Summary
ACICO Industries Company KSCP is a Kuwait-based company that operates in the construction materials and contracting sectors. The Company is engaged in the production of all types of aerated concrete and non-concrete and its construction requirements, as well as import and export of building materials. The Company is organized into three business segments: Industrial, Real Estates and hotels, and Contracting. It is the agent in the Middle East for manufacturing Hebel international products. The Company produces blocks, lintels, slabs, and reinforced structural components. The Company’s plants are located in the State of Kuwait, United Arab Emirates, Kingdom of Saudi Arabia and Qatar. As of April, 2013, the Company increased its stake into 99.5% in Aerated Concrete Industries Co. In April, 2014, its subsidiary, ACICO Construction, acquired 78%-stakes in Ideal Kuwait General Contracting LLC's share capital.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
Yes------

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
12/31/202312/31/2023Yes----

Industries
SIC Code Description
3271 Concrete block and brick
1542 General contractors-nonresidential buildings, other than industrial
6531 Real estate agents and managers
3241 Cement, hydraulic
6719 Offices of holding companies, not elsewhere classified

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board MazenAl - Nahedh
Group Chief Executive Officer Fawaz MajedAl-bader
Deputy Chief Executive Officer, Vice Chairman of the Board Ahmad G.Al Khalid 1/1/2021 1/1/2021
9 additional Officers and Directors records available in full report.

Business Names
Business Name
ACICO
ACICO Industries Co KSCC
AERATED CONCRETE INDUSTRIES CO.

General Information
Number of Employees: 346 (As of 12/31/2017)
Outstanding Shares: 330,464,730 (As of 12/31/2023)
Stock Exchange: KUW
Fax Number: +965 22422103


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Tuesday, April 23, 2024