On Monday an establishment called the International Cement
Group company with a capital of 10 million Kuwaiti Dinar was announced.
The company
was incepted as a closed shareholding company with a capital of KD 10 million
distributed over 100 million shares each valued at 100 fils, it was reported in a news edition.
The company's mission is to hold construction works such
as buildings, roads and bridges. It can provide decor and painting services and
manufacture various building materials.
It can import and buy all equipment
necessary to conduct its buisness. It can also own all movables and properties
that are needed to start off its business, according to the country's laws. It
is allowed to use budget surplus for investment.
The company 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.
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