Almowazi Capital - First Online Trading Brokerage for Unlisted, Delisted and OTC Companies

Almowazi Capital - First Online Trading Brokerage for Unlisted, Delisted and OTC Companies

• AlSane: “Introducing an app for real-time online trading, featuring over 140 unlisted, delisted and companies registered on the OTC platform.”
• Bukhamseen: “The investment landscape in Kuwait offers a wealth of opportunities with numerous shareholding companies, making it easy and convenient to trade their shares."

Kuwait, January 27, 2025 - Almowazi Capital has obtained a license as a broker for unregistered securities from the Capital Markets Authority (CMA), becoming the first digital platform for online, real-time brokerage trading of unlisted, delisted and Over-The-Counter (OTC) companies, which are available on Boursa Kuwait’s OTC platform.

Chairman and CEO of Almowazi Capital Company Mr. Muhannad AlSane announced that Almowazi Capital is the first company to offer electronic trading services for shares of unlisted and delisted companies as well as those registered on the OTC platform, in partnership with its strategic partner Kuwait Financial Brokerage Company (Wasata).

Digital Trading Application
In a press release, AlSane highlighted that Almowazi Capital's trading application, which enables real-time online trading on over 140 companies with ease, was launched in response to the substantial demand from shareholders seeking new investment opportunities and the need for new investors to engage with these companies in a highly professional manner. 
He added that the application offers unique services for clients, including access to share prices, ongoing updates, and essential information about unlisted companies. 
Additionally, it provides news and schedules for ordinary and extraordinary general assembly meetings for unlisted and delisted companies and those registered on the OTC platform. 
Mr. AlSane also noted that the application features information on upcoming and past share auction dates as well as other crucial data that investors require concerning companies listed on the OTC platform, in an effort to provide efficient and relevant exit strategies for delisted and unlisted shareholders while creating pathways for new investors to participate actively in these companies.

Staying Aligned with Market Developments
Vice Chairman Mr. Raed Bukhamseen emphasized that the efforts undertaken by the Capital Markets Authority and Boursa Kuwait to launch a trading platform for unlisted and delisted shareholding companies have made it essential to keep pace with these changes.
He highlighted the importance of providing innovative products that cater to both the investors and shareholders of these companies, particularly given Kuwait's investment landscape, which features an ample number of publicly traded companies that facilitate easy share trading.
He stated, “The introduction of the OTC platform for the trading of unlisted and delisted companies distinguishes Boursa Kuwait from other exchanges in the region and positions Kuwait as a leader in trading these companies with transparency.”

Gratitude and Appreciation 
 
Both AlSane and Bukhamseen expressed their sincere gratitude and appreciation to the dedicated staff at the Capital Markets Authority, Boursa Kuwait and Kuwait Clearing Company, acknowledging the high level of professionalism and effort invested during the company's licensing phase as well as the commitment to support the digital transformation of companies aiming to offer electronic services in the local market.
 

Board of Directors and Executive Management 
The Board of Directors of Almowazi Capital Company consists of five members: Chairman - Mr. Muhannad AlSane, Vice Chairman - Mr. Raed Bukhamseen, with Mr. Ali Alkazemi, Mr. Mahmoud Al-Rifai and Mr. Mohammed Al-Sarraf serving as board members.
Almowazi Capital has appointed Muhannad Al-Sanee as CEO and Mohammad Al-Rasheed as Deputy Assistant CEO. Both leaders possess significant expertise in unlisted, delisted and OTC markets and have played a key role in the company's licensing effort.

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