29 establishments in Kuwait set up a big investment company
Kuwait, Business, 9/5/1997

Al Bayan Investment Company was set up with a capital of 40 million Kuwaiti dinar (132 million dollars) by 29 banking, investment, and industrial establishments in addition to businessmen. The company's sphere of activity will include all sectors in and out of Kuwait through establishing many companies or buying shares in them, dealing in bonds and stocks, working as trustees of investment and buying investment portfolios of all types, giving loans for commission, financing and mediating in international commercial deals, and in giving consultations and preparing feasibility studies.

The establishing committee elected five members for its board of directors: Dr. Soad Al Sabah, Mohamed Saleh Bahbahani, Tarek Al Salem, Mohamed Mearni, Faisal Al Mutawa'a, in addition to Adel Al Yousify as a replacement.

Faisal Al Mutawa mentioned that the company will explore all the opportunities in the Kuwaiti and the Gulf Council Countries' markets especially the specialized projects.

The list of contributors includes the Gulf Bank, the National Bank of Kuwait, Kuwait Insurance Company, the National Investment Company, Stocks group Company, Wamza International Investment, Kuwaiti Interests Financing Company, Faisal Company, Dr. Soad AL Sabah and Dr. Salem Gaber Al Ahmed Company, Bahbah Stock Company and many other companies.

Previous Stories:
  Ministry disconnects 5,597 phone lines for deadbeats   (9/3/1997)
  British Areospace signs Sea Skua contract   (9/3/1997)
  New theaters coming to Kuwait   (9/2/1997)

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