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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Kuwaiti industrial company aims to expand in the Iraqi market

    Rocky
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    Kuwaiti industrial company aims to expand in the Iraqi market Empty Kuwaiti industrial company aims to expand in the Iraqi market

    Post by Rocky Wed 26 Dec 2018, 1:59 am

    Kuwaiti industrial company aims to expand in the Iraqi market
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    "The company aims to expand in new markets, including the Iraqi market," said Chairman of the Board of Directors of Al-Kout Industrial Projects Company, listed on the Kuwait Stock Exchange Fahd Yacoub Al-Johan.
    "Al Koot has entered several markets during the past period, including Europe, Africa and the Middle East, unlike in some Asian markets," Al-Ghanan said on the sidelines of the company's general meeting held on Tuesday.
    Al-Ghanan pointed out that "the General Assembly came at the request of the main shareholder, but the current property amounted to only 44% of the company's shares, which prevented the completion of the quorum without proceeding with the procedure of the Assembly of the company, which was dedicated to elect a new board successor to the Council resigned, With the acquisition of Boubyan Petrochemical Company about 54% of the company to become a major shareholder. "
    He added that "the market needs a package of legislation encouraging the industrial sector, which is supposed to ensure good rates of support qualify him to compete locally and abroad." He pointed out that "Kut has undergone many changes since its establishment 20 years ago and until now, which was transferred to the private sector."
    He pointed out that "the field of industries in the region has seen different developments, unlike the Kuwaiti industry, which lack the full attention."
    He pointed out that "the economic feasibility is available to companies, but support is not as much as hoped, there are young Kuwaiti ambitious, need to give way to and attention to him through appointments to keep pace with aspirations and potential, which requires more focus and attention to the national industry."
    "Companies are seeking to achieve returns, but regulators are required at the same time to preserve minority rights in these companies." Finished


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