Metal and Recycling K S C Public : Financial Results 30 September 2022
November 13, 2022 at 12:22 am EST
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Date: November 13, 2022
To : Boursa Kuwait
Greetings,
Subject: Financial Results of Meeting of Board of Directors Metal and Recycling Co. (K.S.C.P):
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 Thursday November 10, 2022 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
Material
was convened on Thursday November 10, 2022 at 3:00 p.m. through
"Microsoft Teams" website as scheduled. MRC Board of Directors
Information
adopted the Auditor's report and the interim consolidated financial
statements for the period ended on September 30, 2022.
Significant Effect of
There is currently no financial impact of the aforementioned
the material
information on the financial position of the Company.
information on 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 13 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 November 2022 05:21:05 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) 
