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AZNOULA – Shamal Az-Zour Al-Oula Power and Water Company KACP

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Not Compliant

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Industry: Multiline Utilities | Kuwait

Shamal Az-Zour Al-Oula Power and Water Company KACP is not compliant with Shariah. The company’s financials fail all the five standards we check against.

Market cap: 772 MRev. Growth: 101.95%

AAOIFI ✗

Debt/MC146.55%
Non-Compliant Assets/MC195.07%

S&P ✗

Debt/36 mo MC121.8%
Cash/36 mo MC3.22%
AR/36 mo MC%

DJIM ✗

Debt/24 mo MC121.8%
Cash/24 mo MC3.22%
AR/24 mo MC%

FTSE ✗

Debt/Assets69.76%
Cash/Assets1.84%
Cash&AR/Assets1.84%

MSCI ✗

Debt/Assets69.76%
Cash/Assets1.84%
Cash&AR/Assets1.84%

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

Total Analysts: 0


Shamal Az Zour Al Oula KSC is a Kuwait-based company, which is engaged in the building, execution, operation, management and maintenance of Az-Zour North gas-fired combined cycle power and water plant. The project is comprised of Gas Fired Az-Zour North Power Plant and Az-Zour North Water Desalination Plant. The Az-Zour North Power plant is based on a combined cycle gas turbine technology that uses heat recovery steam generators and steam turbines. The turbines generate approximately 1000 megawatt (MW) of electricity using natural gas as primary fuel and fuel oil (gas oil) as back-up fuel. The desalination plant is comprise of a multiple-effect distillation (MED) unit capable of producing over 100 million imperial gallons per day (MIGD) of drinking water.

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