KUWAIT, Jan 2 (KUNA) -- Kuwait Gazette announced on Monday the establishment of (KHX) company for educational services with a capital of one million Kuwaiti Dinar (KD).

KHX was incepted as a closed shareholding company with a capital of KD one million distributed over 10 million shares each valued at 100 fils, the gazette said in its latest edition.

The company's mission is to create and run private schools and training institutes for all educational levels and purposes.

The company can buy and import all necessary educational supplies and equipment.

It can also own all movables and properties that are needed to start off its business, according to the country's laws. It can also use budget surplus for investment.

The compnay is allowed to invest, partner or even buy companies of similar interest that might be of help to achieve the company's goals inside and outside of Kuwait.