KUWAIT, Dec 4 (KUNA) - Three new Kuwaiti shareholding companies have been founded with a total capital of KD 3 million, Kuwait's official gazette Al-Kuwait Al-Youm reported here Monday.
Bahri-Media-Network, a new company for media services, has been founded with a capital of KD 1 million distributed among 10 million monetary stakes at a value of 100 fils each, the paper said in its recent number.
The company will issue, print, publish, distribute and import newspapers, magazines, new and old books, publications and advertising encyclopedia in and outside Kuwait, and organize promotion and marketing campaigns.
It will also be able to produce, distribute and sell radio and TV programs and video and audio cassettes.
Kuwaiti Nafais Real Estate, the second new company, has been founded with a capital of KD 1 million distributed among 10 million monetary stakes at a value of 100 fils each, the official gazette said.
The company will own, buy, sell and develop properties and land and own, sell and buy real estate shares and bonds in and outside Kuwait.
It also can compile studies and provide consultations in all real estate areas, and maintain properties and buildings, as well as mount real estate exhibitions.
Furthermore, it has the right to set up the infrastructure of areas and housing, trade and industrial projects, and run real estate utilities on the building, operating and transferring (BOT) basis.
Dwaa Industrial Company, the third new company, has been established with a capital of KD 1 million distributed among 10 million monetary stakes at a value of 100 fils each, the gazette added.
It will manufacture and promote all tablets, capsules and syrups, and sell and buy medical equipment and appliances.
It also can package and promote medicine for international companies according to world and local systems, and compile studies and research to develop medical formulas, as well as establish pharmacies and make medical and surgical tools.
