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Ikarus Petroleum Industries Co. K.S.C.C. (Kuwait)

Main Activities: Funds, Trusts, and Other Financial Vehicles | Management of Companies and Enterprises
Full name: Ikarus Petroleum Industries Co. K.S.C.C. Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2021 Available in: English Download a sample report

Ikarus Petroleum Industries is a Kuwaiti closed shareholding company. It was incorporated in 1997 by the oldest and largest industrial company in the public sector in Kuwait - National Industries Group. The company aims investments in petrochemicals manufacturing in the Middle East and has shares in significant enterprises such as Sipchem in Saudi Arabia for the production of methanol, butanediol, tetrahydrofuran, acetic acid, acetic anhydride, vinyl acetate monomer, carbon monoxide; Tasnea in Saudi Arabia for polypropylene manufacturing and International Vinyl Acetate Company for vinyl acetate monomer production.

Headquarters
Thunayyan Al Ghanim Street, Near Salhia Tower Utc Complex, Al Qibla Square Tower - Floor 32, Po Box 551
Yarmouk, Asima Governorate; Postal Code: 72656

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Website: http://www.ikarus.com.kw

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
1997
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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48.51%
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7.03%
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5.02%
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Subsidiaries
Ikarus Industrial Holding Company S.P.C. (Bahrain)
100%
Ikarus Petrochemical Holding Company S.P.C (Bahrain)
100%
Ikarus Holding Company - Wll
Company Performance
Financial values in the chart are available after Ikarus Petroleum Industries Co. K.S.C.C. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency KWD. Absolute financial data is included in the purchased report.
Net sales revenue
2.86%
Total operating revenue
-1.31%
Operating profit (EBIT)
N/A
EBITDA
-40.26%
Net Profit (Loss) for the Period
2545.59%
Total assets
56.04%
Total equity
70.71%
Operating Profit Margin (ROS)
N/A
Net Profit Margin
630.46%
Return on Equity (ROE)
23.97%
Debt to Equity Ratio
-7.82%
Quick Ratio
6.2%
Cash Ratio
4.71%

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