KURWITU VENTURES LTD.

Kurwitu Ventures was incorporated in 23rd August, 2006. It was issued with a certificate of Incorporation on 8th September, 2006. The Certificate of Incorporation is C. 128146. The name Kurwitu is borrowed from an ancient vanished settlement that existed in present day Kilifi County to the sea side of the villages of Shariani and Vipingo.  Kurwitu beach exists close to the ancient site of the old settlement.

The Company was formed to provide Investment Management Services. It did not meet the original intentions due to the busy nature of the founders. At a certain point in 2012, the Board of Directors had to make a strategic decision on the future of the company as it became obvious that the company required some new ideas and direction. The founders of the Company decided to inject fresh capital into the capital and make it a vehicle of Sharia Compliant Investments in 2012. In 2013 the Board of Directors decided to focus on restructuring the company and prepare it for a listing on the Nairobi Securities Exchange. Hence all effort was invested in the restructuring process and no revenue was posted to the company books.

 

Company Objectives Kurwitu Ventures is a pioneer in its chosen field as a provider of sharia compliant investment products. It is the first company listed on the NSE with a focus on attracting Islamic investors into the capital markets.

PHYSICAL LOCATION:

Woodland office park suite 2b, hurlingham

CHAIRMAN:

Abdikadir H Mohamed

MANAGING DIRECTOR:

Abdirahman Abdilahi

COMPANY SECRETARY:

Isaac M Nouru

AUDITORS:

Abdulhamid & Company

BOARD OF DIRECTORS:

  1. Abdikadir Haji - Vice Chairman
  2. Sumayya Hassan
  3. Mohammed Hassan
  4. Isaak Jamal Ibrahim
  5. Chris Maranga.

 

FINANCIAL REVIEW (Kshs.)(Financial year end 31st December)

ASSETS EMPLOYED

Non-Current Assets

Current Assets

Current Liabilities

Net Current Assets

Total Assets

 

FINANCED BY

Share Capital

Share premium

Proposed dividends

Retained earnings

Shareholder's Funds

Non-current liabilities

Non-controlling interest

Total Financing

 

INCOME

 Profit Before Taxation

 Taxation (expense)/credit

Net profit after Tax

 

 INVESTOR RATIOS

 Current Ratio

 Earnings Per Share (Kshs.)

 Price-to Earnings Ratio

 Dividend Yield %

 Payout Ratio %

 Net Asset Value/ Share (Kshs.)

 Price-to-Book Value

 

 MARKET INFORMATION

 Dividends Per Share (Kshs.)

 Share Price as at 31 March

 Number of shares in Issue

Market Capitalization (Kshs.)

2014

 750,647,809.00

 2,967,988,276.00

 2,505,595,477.00

 462,392,799.00

 1,213,040,608.00

 

 

 12,500,000.00

 99,692,870.00

 

 (3,177,199.00)

 109,015,671.00

 864,658,139.00

 59,455,433.00

 1,033,129,243.00

 

 687,300,740.00

 47,774,671.00

 (38,818,642.00)

 8,956,029.00

 

 

 1.18

 22.10

 67.87

 -

 -

 2.99

 501.12

 

 

 -

 1,500.00

 405,255,320.00

607,882,980,000.00

2015

 124,116,012.00

 16,541,825.00

 1,433,043.00

 15,108,782.00

 139,224,794.00

 

 

 10,227,200.00

 99,692,870.00

 

 (18,451,139.00)

 91,468,931.00

 47,755,863.00

 -

 139,224,794.00

 

 815,487.00

 (21,827,950.00)

 6,554,010.00

 (15,273,940.00)

 

 

 11.54

 (37.69)

 (39.80)

 -

 -

 0.34

 4,366.20

 

 

 -

 1,500.00

 405,255,320.00

 607,882,980,000.00

2016

 130,154,115.00

 3,489,508.00

 1,273,424.00

 2,216,084.00

 132,370,199.00

 

 

 10,227,200.00

 99,692,870.00

 

 (32,935,734.00)

 76,984,336.00

 55,385,863.00

 -

 132,370,199.00

 

 20,885.00

 (20,692,279.00)

 6,207,684.00

 (14,484,595.00)

 

 

 2.74

 (35.74)

 (41.97)

 -

 -

 0.33

 4,592.29

 

 

 -

 1,500.00

 405,255,320.00

607,882,980,000.00

Note: Where (*) shows reserves includes investment revaluation reserve and revenue reserve

Note    :(-)shows no information available.