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Construction Supplies Wholesale Business Seeking Loan in Kuwait City, Kuwait

Kuwait-based construction and maintenance services company seeking funding for expansion and new projects.

Established 20-30 year(s)
Employees 5 - 10
Legal Entity Other
Reported Sales USD 19.6 million
Run Rate Sales USD 19.6 million
EBITDA Margin 15 %
Industries Construction Supplies Wholesale
Locations  Kuwait City
Local Time 1:24 PM Asia / Kuwait
Listed By Management Member
Status Active
Overall Rating
Seeking Loan
USD 9.8 million for 6.5% annual interest, 2 years (Native Currency: KWD 3,000,000)
Reason: Seeking funding for execution of the new projects, marketing and move to a bigger office facility.
Collateral Available: USD 0
Includes physical assets worth USD 6.5 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Business Overview
- Company based in Kuwait City and operates in the construction and maintenance sector, offering services such as supplying manpower, heavy equipment, logistics facilities, and general supply orders for offices and camps.
- The company has KNPC as a major client and undertakes an average of 2 projects per year, each with a value ranging from KWD 2m-3m.
- The company is currently seeking funds for 2 upcoming projects.
- Future expansion plans include establishing distributor contracts with a manufacturer offering over 500 products for various industries, primarily focusing on marketing and distributing more than 150 electrical products, including lights and LED products, and providing installation services.
- The company aims to move to a larger office facility to accommodate its growth and expansion plans.
- There are 9 permanent employees, additional contract/temporary employees are hired on a contract basis.
Products & Services Overview
Business products and services:
- Construction and maintenance services: Providing manpower, heavy equipment, logistics facilities, and general supply orders for offices and camps.
- Electrical products distribution: Future plans include distributing over 150 electrical products, such as lights and LED products, along with offering installation services.
- Logistics and supply chain management: Facilitating logistics and general supply orders to support office and camp operations.
Users:
- KNPC (Kuwait National Petroleum Company): A major client, utilizing the company's construction and maintenance services for large-scale projects.
- Industrial and commercial clients.
- Office and camp operators.
Assets Overview
Physical assets include office furniture, computers and electrical equipment.
Facilities Overview
Operating from a rented office facility in Old Abraq Khaitan, Noora Comp.
Capitalization Overview
Business is self-funded.
Having outstanding bank loans.
There are 2 owners/shareholders in the business.
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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