Kuwait .. “paper” shares has climbed to the highest price in 101 months

Al -Shuaiba Industrial Company, known as the “paper”, was traded and traded on the Kuwait Stock Exchange by 24.14% during trading today, Thursday, to circulate at the price of 357 fils per share, achieving its highest price in 101 months.

The trading on the shares of Al -Shuaiba Industrial Company at that time came at 4.71 million shares, with a value of trading 1.61 million dinars.

The highest price for the share was at that time at 368 fils, while the lowest price was at 320 fils per share, to touch the highest price in 8 years, 5 months and 9 days.

Al -Shuaiba Industrial Company announced the registration of a net profit of 220.34 thousand Kuwaiti dinars during the first quarter of 2025, compared to profits of 413.24 thousand dinars for the same period in 2024, which reflects a decrease of about 47%.

The company attributed this decline in profits to a decrease in the overall operating profit during the period.

In terms of annual results, “Industrial Shuaiba” had achieved profits of 1.16 million dinars in 2024, compared to 1.44 million dinars in 2023.

Al -Shuaiba Industrial Company was established in 1978 under the name “Al -Shuaiba Company for Paper Products”, and has since managed to establish its position as a leading company in the manufacture of multi -layer paper bags using kraft technology.

The company has been included in the Kuwait Stock Exchange since 1996, and its capital currently paid is about 10 million Kuwaiti dinars.

The company’s products are varied to include paper and industrial bags dedicated to sectors such as cement, food products, and consumer goods, as well as special packaging solutions for a number of prominent global brands, including KFC and McDonald’s.