31 December 2007
KUWAIT : Aref Energy Holding Company reported to own shares in an American company operating in the field of energy and oil and has patents in science and technology upto 25 percent valued at $25,000,000, Aref Energy also bought the marketing licenses for building distillation units in some countries of the Middle East and Asia, with a value not exceeding $3,500,000. The company has also acquired shares in the project for drilling gas and oil, in the state of Texas in the United States of America with an area of 57,000 hectares of land equivalent to $90,000,000. The Aref Energy Holding Company contributed to 50 percent of the total project cost valued at $45,000,000.
KUWAIT : Aref Energy Holding Company reported to own shares in an American company operating in the field of energy and oil and has patents in science and technology upto 25 percent valued at $25,000,000, Aref Energy also bought the marketing licenses for building distillation units in some countries of the Middle East and Asia, with a value not exceeding $3,500,000. The company has also acquired shares in the project for drilling gas and oil, in the state of Texas in the United States of America with an area of 57,000 hectares of land equivalent to $90,000,000. The Aref Energy Holding Company contributed to 50 percent of the total project cost valued at $45,000,000.
Aref Energy Holding Company (previously known as Excellent Education Co. K.S.C.C.) is a Kuwait-based company established on Oct 10, 1996 and listed at the KSE on May 23, 2005. It is engaged in establishing, incorporating and acquiring non-governmental institutions, schools, technical training centers and special-needs schools, as well as organizing conferences, symposiums, seminars and performing scientific research. The company is also engaged in a range of other educational and extra curricular activities. It has a subsidiary, Mad Science Company, and has two associates Afaq Educational Services Company and Educational Group Holding. Aref is headquartered in Hawally.
© Arab Times 2007
