Almowazi Capital

What Almowazi Capital does

Almowazi Capital is a Kuwait-based financial services firm founded in 2024 by Muhannad Mohammed Al Sane and headquartered in Kuwait City, with a second location at Boursa Kuwait. It holds the first CMA (Capital Markets Authority of Kuwait) license to operate an online brokerage dedicated to unlisted, delisted, and over-the-counter (OTC) equity securities — a segment of the Kuwaiti capital market that previously lacked structured electronic access. The company addresses an addressable pool of more than 2,000 unlisted companies, of which approximately 140 are available for electronic trading, representing a combined market capitalization of roughly KD 2.8 billion.

The firm's product stack centers on the Almowazi Capital Trading App (branded FIXOT), a mobile-first execution platform for retail and institutional access to OTC and unlisted shares. This is complemented by a Brokerage Services line, Private Equity Services, a dedicated Data Services subsidiary ("Almowazi") for unlisted-securities data, and iMowazi, a CMA-approved equity crowdfunding platform launched in July 2025 that extends the company into primary issuance and retail private placements. A partnership with Wasata, signed in February 2025, broadens intermediation reach, and the firm has demonstrated institutional capability by facilitating the KD 35.7 million acquisition of Dar Al Shifa Hospital by Aayan Leasing.

Almowazi Capital's business model combines multiple revenue streams: brokerage commissions on OTC equity trades, success fees from facilitating large block transactions in unlisted equities, placement and listing fees through the iMowazi crowdfunding platform, private equity advisory fees, and (potentially) subscription revenue from its proprietary data services. The customer base spans individual retail traders using the mobile app, corporate issuers accessing capital markets via iMowazi, and institutional clients requiring intermediation for large unlisted block trades. The company remains Kuwait-only in geographic scope, with two physical locations and no disclosed funding rounds, headcount, or revenue figures.

Name

Almowazi Capital

Legal name

Almowazi Capital KSC (Closed)

Website

https://almowazicapital.com

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

11–50 employees

Short description

Almowazi Capital is a Kuwait-based, CMA-licensed online brokerage providing retail and institutional access to unlisted, delisted, and OTC equity securities via its mobile trading app, with complementary crowdfunding (iMowazi), private equity, and data services.

Ownership category

akta.pro rank

Product category

Securities Brokerage

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro industry

PRIMARYBPAHAOAL

Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory)

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/M&A, Transaction & Restructuring Advisory

Keywords

• OTC securities brokerage
• Unlisted shares trading
• Securities crowdfunding
• Private equity brokerage
• Market data services

Headquarters

HQ city

Kuwait

HQ country

Kuwait

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Brokerage Commission: Commission-based revenue from facilitating buy and sell transactions on unlisted, delisted, and OTC company shares through the electronic trading platform.
2. Digital Trading Services: Online trading solutions providing real-time market data, charting tools, and order execution services for traders accessing the OTC market through desktop or mobile devices.
3. Crowdfunding Services: Platform fees from securities-based crowdfunding operations through iMowazi platform, connecting entrepreneurs with investors for project funding.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Almowazi Capital operates the first CMA-licensed online brokerage platform in Kuwait for trading shares of unlisted, delisted, and OTC companies, providing real-time electronic trading via mobile and desktop applications. The company also operates iMowazi, Kuwait's first registered securities-based crowdfunding platform, and offers brokerage, private equity facilitation, and proprietary market data services for the OTC market.

Product overview

Almowazi Capital is a brokerage firm offering a unified platform of financial services for unlisted, delisted, and OTC companies in Kuwait. The core offering consists of the Almowazi Capital Trading Application for real-time OTC trading, supplemented by iMowazi for securities-based crowdfunding. Additional services include brokerage, private equity facilitation, and data/information services. All services are licensed by the Capital Markets Authority (CMA) and operate through Boursa Kuwait's OTC platform infrastructure.

Differentiator

Problem solved

Functional benefit

Brands

• Almowazi: Data and information platform providing comprehensive data on unlisted, delisted and OTC companies including company profiles, historical trading information, news, and market analysis. Functions as the primary data vendor for the OTC market in Kuwait.
• iMowazi

Products and services

• Almowazi Capital Trading Application Digital OTC trading platform enabling real-time online trading of shares in unlisted, delisted, and OTC companies registered on Boursa Kuwait's platform, with live market data, order books, charting tools, and portfolio management. Available on iOS, Android, and desktop (AccuTrade).
• iMowazi Crowdfunding Platform Kuwait's first registered digital securities-based crowdfunding platform, approved by CMA, enabling companies to raise capital by issuing securities and offering investment opportunities to retail, professional, and qualified investors through electronic subscription.
• Brokerage Services Comprehensive brokerage services for traders, private investors, and institutional investors including dynamic trading platform, real-time market data, advanced charting tools, and personalized guidance for OTC market transactions.
• Private Equity Services Facilitation of private deals for unlisted companies, including direct negotiation support, connecting buyers and sellers, and assistance with majority/controlling stakes and minority shareholding transactions.
• Data and Information Services Market intelligence and company information through subsidiary Almowazi, providing detailed company profiles, historical trading information, company news, profit distribution announcements, and analysis on unlisted share market trends.

Quantifiable outcome

• Over 140 companies available for real-time electronic trading
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Arab Investment Company (Arab Invest)coreGTM or Marketing Partner · 21 July 2025Strategic partnership for iMowazi securities-based crowdfunding platform where Arab Investment Company serves as subscription agent. This collaboration enables companies to reach investors and secure funding through securities issuance under CMA Resolution No. 132 of 2025.
• Kuwait Financial Brokerage Company (Wasata)coreStrategic or Co-development Partner · 18 February 2025Strategic cooperation agreement signed on February 18, 2025, to enhance and facilitate digital trading of unlisted and delisted company shares through the OTC platform. The partnership leverages strengths of both organizations to deliver advanced technological services and streamline the trading process.
• Boursa KuwaitcoreTechnology or IntegrationOperational partnership where Almowazi Capital operates on Boursa Kuwait's OTC platform for trading unlisted, delisted, and OTC company shares. Almowazi is the data vendor for OTC market based on agreement with Boursa Kuwait.
• Kuwait Clearing CompanycoreTechnology or IntegrationSettlement and clearing partner for OTC transactions. Trading settlements are managed by Kuwait Clearing Company as part of the end-to-end electronic trading process.
• Capital Markets Authority (CMA) - KuwaitcoreOthersRegulatory licensing authority that granted Almowazi Capital its broker license for unregistered securities. All trading operations are conducted under CMA supervision and regulatory framework.
• Kuwait Economic Society (KES)minorStrategic or Co-development PartnerCSR partnership for initiatives in education, community development, and financial market development. Almowazi Capital engages with KES for corporate social responsibility programs aligned with New Kuwait 2035 vision.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Kamco Invest: Kuwaiti investment bank and brokerage offering trading, asset management, and advisory services. Comparable in that it competes for the same pool of Kuwaiti institutional and retail brokerage clients.
• Markaz (Kuwait Financial Centre): Leading Kuwaiti investment bank with brokerage, asset management, and private equity services. Comparable as a Kuwait-licensed intermediary competing for private-deal mandates and brokerage commissions on regional securities.
• Al Ahli Bank of Kuwait - Brokerage: Bank-affiliated brokerage arm providing securities trading and investment services in Kuwait. Comparable as a Kuwait-licensed broker competing for trading commissions and market intelligence services, though broader in scope than OTC.
• NBK Capital: Investment banking and brokerage arm of National Bank of Kuwait, offering brokerage, asset management, and advisory services. Comparable as a Kuwait-based incumbent broker with far larger scale and institutional reach.
• Boursa Kuwait: Kuwait's national stock exchange operator that hosts the OTC platform on which Almowazi Capital operates. Boursa Kuwait is the broader incumbent providing market infrastructure, while Almowazi functions as the licensed brokerage layer on top of it.
• EFG Hermes: Leading MENA-focused investment bank and broker with regional brokerage and advisory capabilities. Comparable as a larger regional broker competing for GCC private-deal mandates and brokerage flow.

Regional players

• International Securities (Kuwait): Kuwaiti brokerage firm offering online trading and investment services. Comparable as a Kuwait-licensed broker competing for retail and institutional trading commissions in the same domestic market.
• Arzan Financial Group: Kuwait-based financial group with brokerage, investment, and advisory activities. Comparable as a Kuwait-headquartered broker and advisor participating in private and listed securities transactions in the Gulf.
• Mubasher: Regional financial platform providing market data, news, and trading tools across GCC and MENA markets. Comparable as a regional peer focused on financial-market data and digital trading enablement, though operating at broader geographic scale.

Direct peers

• Kuwait Financial Brokerage Company (Wasata): One of Kuwait's licensed brokerage firms and Almowazi Capital's strategic partner on the OTC platform. Wasata is the closest direct comparable as both firms broker Kuwaiti securities and collaborate on digital trading services for unlisted and delisted shares.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/almowazicapital
• LinkedInlinkedin.com/company/almowazicapital
• Instagraminstagram.com/almowazicapital

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Almowazi Capital