KUWAIT -- Two shareholding companies were established with a capital of six million Kuwaiti dinars, reported Kuwait Today (Gazette) newspaper in its latest edition published on Monday.
Kuwaiti Readymix Cement has a capital of KD five million, distributed shares of 50 million with a value of 100 fils per share.
The company will manufacture and trade in pre-fabricated concrete. It will also import, export trade in sand and cement to local and international dealers and companies.
S.H. Holding is a shareholding company with a capital of one million KD and distributed shares of 10 million at a value of 100 fils per share.
It will deal in shares with local and foreign companies, acquire stocks for limited liability companies, participate in establishement and management of these limited liability companies by lending financial loans.
The two companies could own movables and real estate properties to direct their activities to the extent permitted by law, as well as invest in portfolios managed by specialized companies.
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