Kuwait Gazette announced on Monday the establishment of "Anfal Al-Khaleej" real estate company with a capital of one million Kuwaiti Dinar (KD).
The company was incepted as a closed shareholding company with a capital of KD 1 million distributed over 10 million shares each valued at 100 fils, the gazette said in its latest edition.
The company's mission is to buy and sell properties for its own interest inside and outside of the country. It also runs others' properties in accordance to the country's laws.
It can also buy and sell shares and bonds of other real estate companies for its own benefit in and out of the country. Conducting research and giving consultations are some of the services provided by the company. It can also contribute in doing infrastructure works in residential, industrial, services areas according to the Build-Operate-Transfer (BOT) system.
The company can also carry out maintenance works for owned or supervised properties as well as holding real estate exhibitions. In addition, 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.