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ACIC – ACICO Industries Company KSCP

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Not Compliant

—X—

Industry: Construction Materials | Kuwait

ACICO Industries Company KSCP is not compliant with Shariah. The company’s financials fail all the five standards we check against.

Market cap: 155 MRev. Growth: 76.48%

AAOIFI ✗

Debt/MC449.53%
Non-Compliant Assets/MC%
Impure Income (incl. Interest)0.01%
Impure Income%
Interest Income0.01%
Total0.01%

S&P ✗

Debt/36 mo MC512.15%
Cash/36 mo MC2.25%
AR/36 mo MC61.92%

DJIM ✗

Debt/24 mo MC525.27%
Cash/24 mo MC2.3%
AR/24 mo MC63.5%

FTSE ✗

Debt/Assets53.07%
Cash/Assets0.23%
Cash&AR/Assets6.65%
Impure Income (incl. Interest)0.01%
Impure Income%
Interest Income0.01%
Total0.01%

MSCI ✗

Debt/Assets53.07%
Cash/Assets0.23%
Cash&AR/Assets6.65%

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

Total Analysts: 0


ACICO Industries Company KSCP is a Kuwait-based company that operates in the construction materials and contracting sectors. The Company is engaged in the production of all types of aerated concrete and non-concrete and its construction requirements, as well as import and export of building materials. The Company is organized into three business segments: Industrial, Real Estates and hotels, and Contracting. It is the agent in the Middle East for manufacturing Hebel international products. The Company produces blocks, lintels, slabs, and reinforced structural components. The Company’s plants are located in the State of Kuwait, United Arab Emirates, Kingdom of Saudi Arabia and Qatar. As of April, 2013, the Company increased its stake into 99.5% in Aerated Concrete Industries Co. In April, 2014, its subsidiary, ACICO Construction, acquired 78%-stakes in Ideal Kuwait General Contracting LLC’s share capital.

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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