VOL. XLV

No 40

7-October-2002

KUWAIT/SYRIA

Kuwaiti Founders SetUp Company For Investments In Syria

A group of 21 Kuwaiti investors have established theKuwait-Syrian Holding Company (KSHC) with a capital of KD30mn ($99mn), 25% ofwhich has been paid up. The company will focus on Syrian investment projects inthe fields of the oil industry, services, real estate, tourism and banking. Thefounders have decided to base the new company in Kuwait because of the tax exemptionsoffered, unlike Syria where...