Monday, Apr 28, 2008
BEIRUT (Zawya Dow Jones)--Kuwait's Future Communications Company Global, or Future, said its unit, Future Communications Company International has set up a joint-venture company in Saudi Arabia in partnership with Arabic Computer Systems, or ACS, Kuwait-based Al Qabas daily reported Monday.
Future Communications Company International owns 49% while ASC owns 51% of the new firm which will be involved in computer trading and repair, in addition to telecommunication projects and other related activities, the paper reported.
The new company was set up with a capital of 1 million Saudi riyals ($267,000), the paper said citing a statement by Future.
Newspaper Web site: http://www.alqabas.com.kw/
-By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com
Copyright (c) 2008 Dow Jones & Company, Inc.
(END) Dow Jones Newswires
28-04-08 0600GMT
