Metal and Recycling K S C Public : Financial Results For period ended 31 December 2022
March 06, 2023 at 12:30 am EST
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Date: March 6, 2023
To : Boursa Kuwait
Greetings,
Subject: Financial Results of Meeting of Board of Directors Metal and Recycling Co.:
Pursuant to the provisions of Module ten, "Disclosure and Transparency", of the Executive bylaws of law no. 7 of 2010 regarding the establishment of the Capital Markets Authority and Regulating Securities Activities and its amendments, Metal and Recycling Company (K.S.C.P)("MRC") would like hereby to announce the financial results of the meeting of the Board of Directors of MRC that was held on Sunday March 5, 2023 at 3:00 p.m. as scheduled in accordance with the material disclosure form enclosed herein.
Metal and Recycling Company (K.S.C.P) ("MRC") would like
hereby to announce that the meeting of the Board of
Directors of MRC company was convened remotely on
Sunday March 5, 2023 at 3:00 p.m. through "Microsoft
Teams" website as scheduled. MRC Board of Directors
Material Information
adopted the Auditor's report and the consolidated financial
statements for the fiscal year ended on December 31,
2022.MRC BOD made recommendation to the annual
General Assembly to appoint the External Auditor Mr. Shuaib
Abdullah Shuaib RSM Albazie & Co. for the year ending on
December 31, 2023.
Significant Effect of the
There is currently no financial impact of the aforementioned
material information on
information on the financial position of the Company.
the financial position of
the company
Vice-Chairman & CEO
Tarek Ibrahim Al-Mousa
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MRC - Metal & Recycling Company KSCP published this content on 06 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 March 2023 05:29:04 UTC.
Metal and Recycling Co KSCP, formerly Kuwait Metal Collecting and Shredding Company KSCC, is a Kuwait-based metal and plastic recycling company. Its activities include the purchase and sale of scrap and used vehicles, spare parts, metal items and machinery; waste sorting and recycling, shredding, dismantling, repairing, and reselling, as well as import of machinery and materials required for recycling, shredding and storing scraps. It is also engaged in importing recycling, shredding and storing scrap machinery and equipment, in the establishment of or contribution to the industries that are ancillary to the trade and production of scrap, in the management and development of areas of sale, purchase and production of scrap in Kuwait and abroad, as well as in the incorporation or partial ownership of industrial companies, among others. As of December 31, 2011 the Company operated four 99% owned subsidiaries, three of them based in Kuwait, and one based in Jordan.
METAL AND RECYCLING COMPANY K.S.C. (PUBLIC) 
