Cement company established with KD 10 million capital

31/01/2012 08:30 AST

Kuwait Gazette announced on Monday the establishment of International Cement Group company with a capital of 10 million Kuwaiti dinar. 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 Kuwaiti fils, the gazette said in its latest 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 business. 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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