almal.com.kw Scam Check: 10/100 Trust | ScamMinder

Exercise caution when interacting with this website.

The website content mentions that Al Mal Investment Company (K.P.S.C.) was delisted from Boursa Kuwait on March 31, 2022. It states that the Capital Markets Authority refused to renew its licenses, and its license from the Central Bank of Kuwait was also revoked. This is a significant red flag, as it indicates that the company has faced serious regulatory issues and has been removed from the stock exchange. Additionally, the website mentions that the company was established in the early 1980s and was listed on the Kuwait Stock Exchange in January 2002. However, it's important to note that historical establishment and listing dates do not necessarily reflect the current status or legitimacy of a company. The fact that the company's licenses were not renewed and it was delisted is a more critical factor to consider. The website also states that the company's current issued and paid-up capital is KD 31.02 million. This information may be outdated, and it's essential to verify the current financial status of the company through official and reliable sources. The website emphasizes that Al Mal Investment Company is regulated by the Ministry of Commerce and Industry and applies the highest level of ethical standards, internal controls, and corporate governance practices. However, the fact that its licenses were not renewed and it was delisted from the stock exchange raises questions about the accuracy of these claims. The website mentions that the company relies on innovation and creativity and provides services through several subsidiaries and sister companies spread throughout the world. It's important to verify the existence and legitimacy of these subsidiaries and sister companies, as well as their relationship with Al Mal Investment Company. The website also includes news and events related to the company, such as an invitation to attend the ordinary and extraordinary general assembly meeting and disclosures about the company's financial moves and shareholder invitations. While these updates may provide some insight into the company's activities, it's crucial to verify the accuracy and current relevance of this information. The website mentions that Al Mal Investment Company's stock skyrocketed on a specific date due to better-than-expected financial results for the first half of 2015. This historical information may not be relevant for assessing the current status and trustworthiness of the company. It's important to focus on recent and reliable data when evaluating the legitimacy of a financial institution. The website provides contact information and a contact form for inquiries. If you are considering any form of engagement with Al Mal Investment Company, it's advisable to conduct thorough due diligence, including independent verification of its current regulatory standing, financial health, and reputation in the industry. Consulting with financial professionals or regulatory authorities in Kuwait can also provide valuable insights. Overall, the information provided on the website, especially regarding the delisting and regulatory issues, raises significant concerns about the current status and trustworthiness of Al Mal Investment Company. It's crucial to exercise caution and conduct extensive research and verification before engaging with the company in any financial capacity."

• Delisted from Boursa Kuwait, Refusal of license renewal, Revoked license from Central Bank of Kuwait, Outdated establishment and listing dates, Regulatory issues, Accuracy of regulatory claims, Reliance on innovation and creativity, Verification of subsidiaries and sister companies, Accuracy and relevance of news and events, Historical stock performance, Contact information and inquiry form, Thorough due diligence and independent verification, Consultation with financial professionals or regulatory authorities, Exercise caution and extensive research