The club was founded in the 1951 by el Hadji Moussa Diagne in the last decade of French rule in Senegal.
Ouakam win their first cup title in 1964, their second in 1989 and their recent in 2006. Ouakam won their only championship title in 2011.
Ouakam appeared at the continentals after winning their second cup title in 1990 at the Winners' Cup and advanced up to the quarterfinals where they lost to Nigeria's BCC Lions. They came back for the second and last time in 2007 and lost to Burkina Faso's Étoile Filante. After winning their only championship title, they made their only appearance at the 2012 CAF Champions League and challenged Brikama United and lost the Senegambian match in the preliminaries.
Its logo color has a crested shield with a wave below the middle of the shield, on top is coloured red and white on the bottom. On top has a shark and on the bottom right the club's name in its acronym and year of its foundation.
Its other logo has a white circle with a thin red rim with a shark on top and the club name's acronym on the bottom.