Company in winding up case has had same directors for 34 years

Friday December 9 2016

A security guard screens a man as he enters the

A security guard screens a man as he enters the Mombasa Law Courts. Justice Patrick Otieno of the Mombasa High Court has ruled that a case in which a man seeks to have Kilindini Warehouses (Kenya) Ltd wound up will be heard on May 2, 2017. Mr Omar Saleh Said claims his brother, Mr Awadh Saleh Said, has excluded him from running the company. FILE PHOTO | NATION MEDIA GROUP 

PHILIP MUYANGA
By PHILIP MUYANGA
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A company which is at the centre of a winding up petition has had similar shareholders from the time it was incorporated 34 years ago, a report from the office of the Registrar of Companies filed in court reveals.

The company has fixed assets valued at close to Sh1 billion in real estate.

According to a report by senior deputy registrar general, Mr James Nduna, Kilindini Warehouses (Kenya) Limited’s nominal share capital remains at Sh100,000 divided into 1,000 shares of Sh100 each.

The report indicates that brothers Awadh Swaleh Said, Omar Swaleh Said and the estate of the late Hussein Swaleh Said have a total of three shares each.

Mr Nduna’s report further states that at the date of incorporation in 1982, the nominal capital of the company was Sh100,000 divided into 1,000 shares of Sh100.

At the time, Awadh Saleh Said, Hussein Saleh Said and Omar Saleh Said were listed as the only directors and shareholders of the company.