COMPANY PROFILE

Mubarakia Marine Services Company was founded in 1991, as a marine services contractor. We have expanded our activities to include marine construction, industrial /Oil & Gas equipment procurement & supply services, transportation & heavy equipment rental, steel fabrication and machining works, and mechanical services; with an annual turnover of US $ 11 million.

With the technology transfer scheme that the government of Kuwait is opting for, we initiated a long-term business plan to develop strong alliances with international companies for streamlining future projects in Kuwait. Our most notable relationship was established in 1996, with ITOCHU Corporation, a Japanese trading house, and this relationship developed into a very close strategic alliance for mutual business interests in Kuwait.

Our parent company, Khalil Mahmoud Trading & Contracting Est. (KME) was established in 1953, primarily as a civil engineering and construction company, and has been classified as a Grade II contractor by the Central Tenders Committee since 1971 for civil construction and electrical works, which is the highest category given to local contractors working in Kuwait as category I is for international contractors. KME is best known for developing the State of Kuwait’s tenth district (Cities of Fahaheel, Ahmadi, Sabahiya, Mangaf, AbuHalifa, Fintas) by construction of housing & commercial projects as well as relevant municipal infrastructure. In addition, KME pioneered the development of farming and mass agricultural production in Kuwait by implementing horticultural farming in the Wafra area.

QUALITY STATEMENT

Continued close involvement with various industries has led us to the great emphasis that must be placed on quality assurance. In response to the need for increasingly higher quality, Mubarakia Marine implements methods of training, both technical and practical, aimed at raising the quality awareness level of its personnel, related procedures, and workmanship.

We assume full responsibility for performance and quality, and the quality assurance shall review and approve subcontracted organization’s quality related procedures prior to implementation. The policies and procedures set forth in the quality assurance manual are made mandatory for our employees and all its subcontracted organizations, where applicable, which will be enforced. Any changes or deviations from these policies include management approval. Changes that could effect contractual requirements may also involve customer approval.

HEALTH, SAFETY AND ENVIRONMENT

We conduct our activities, insuring that the health and safety of its personnel, subcontractors and services, giving the highest regard to the protection of the environment by Establishing and maintaining an HSE management system as means of ensuring that the effects of our activities confirm to our policy.

We are committed to continual improvements of our health, safety and environmental performance, and we will meet all relevant regulatory and legislative requirements by effectively communicating, implementing and maintaining action plans and training at all levels in the organization through various management strategies.

We will insure that the highest standards are used to achieve loss prevention, safe practice and environmental protection by keeping all persons appropriately informed of known potential hazards and of the health, safety and environment measures being taken to protect them.

Currently, work is being conducted towards the achievement of sustainable development and improvement of HSE aspects and its activities including the reduction of waste and consumption of natural resources and energy.

INSURANCE STATEMENT AND POLICY

Our insurance commitment for any project is through national and recognized insurance companies, approved by the client. The policies of those insurances may contain cross liability clauses such that the insurance’s apply to us and our clients as separate insured’s, also may contain a waiver of subrogation in favor of the client.

Our standard insurance coverage includes the following:

1. Contractor’s all risks insurance for the full value of the work covering the materials and the work in progress.

2. All risks hull/property insurance for the full value of our or chartered vessels as well as the equipment on board the vessels.

3. Protection and indemnity insurance for the operation of our or chartered vessels, to cover personnel injury or death, property damage, and pollution, in case of accidents.

4. Comprehensive general liability insurance with limits of third party liability to cover personal injury, death and property damage, in case of accidents.

5. Comprehensive automobile insurance for all vehicles engaged for the work for their full value and with limits of liability equivalent to the amounts specified.

6. All risks cargo insurance for the full value of the materials covering loading, unloading, trans-shipment, inland transport to the site and storage at the site.

7. Workmen’s compensation insurance as required by the relevant laws and regulations and employer’s liability insurance covering our personnel and our sub-contractors personnel.