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ABAR – Burgan for Well Drilling Trading and Maintenance KSCP

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Not Compliant

—X—

Industry: Oil & Gas Drilling | Kuwait

Burgan for Well Drilling Trading and Maintenance KSCP is not compliant with Shariah. The company’s financials fail all the five standards we check against.

Market cap: 122 MRev. Growth: 78.66%

AAOIFI ✗

Debt/MC241.9%
Non-Compliant Assets/MC%

S&P ✗

Debt/36 mo MC316.33%
Cash/36 mo MC3.49%
AR/36 mo MC28.86%

DJIM ✗

Debt/24 mo MC274.72%
Cash/24 mo MC3.03%
AR/24 mo MC25.06%

FTSE ✗

Debt/Assets41.26%
Cash/Assets0.46%
Cash&AR/Assets4.22%

MSCI ✗

Debt/Assets41.26%
Cash/Assets0.46%
Cash&AR/Assets4.22%

1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

Total Analysts: 0


Burgan for Well Drilling Trading and Maintenance KSCP is a Kuwait-based company engaged in the provision of exploration, development and drilling services, as well as maintenance of wells for oil and gas companies. The Company operates a fleet of rigs supported by specialized departments, such as transport and mechanical, and fabrication facility, which manufactures portacabins used at the rig sites for accommodating drilling and rig crew. Its machining services, located in Ahmadi, equipped with bays, lathes, boring machines, milling machine, shapers, valve repair and testing equipment, grinders, welding and cutting machinery, and warehouse storage, and offers repair and manufacturing services of down hole tools, such as cross-over, subs stabilizer, flat bottom mills, wash over shoes, taper mills and pup-joint, double studded adapters, spools, flanges, and nipples to the drilling industry.

We do our best to screen stocks as accurately as possible. Please let us know in the comments if you spot an error or find something questionable. Jazaak Allahu khairan.

To understand how the screening is done, please read the Shariah Screening Methodology page.

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