Affiliates
Established in 2005 through a private placement by Global, Al Nawadi is an integrated sports and fitness company that will build and operate a branded network of fitness and recreational treatment centers in Kuwait and the region. In the absence of a dominant industry player, and with the growing demand from youth involvement in sports activity and health awareness, the net margins of Al Nawadi are expected to be promising. Al Razzi acquired an 18% of the Company and holds a single seat on its five-member board. Among the facilities that AL Nawadi currently owns are Al Hayat and Elysium.
Established in 1984, KMC went through a round of capital increase in 2005, during which Al Razzi acquired a 10% stake in the company and a single board seat representation on its seven-member board.
Having a similar mission to that of Al Razzi, KMC is currently in the process of building a major general private hospital (Al Safat American Hospital) in Messila area.
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