Kaya Middle East, DMCC enters into JV with AL BEDA
Kaya announced that Kaya Middle East, DMCC (KME, DMCC) a foreign subsidiary of the Company has entered into a Joint Venture Agreement dated 28 January 2016 with AL BEDA MEDICAL SERVICES K.S.C.C., Kuwait, (AL BEDA") to set up and operate a dermatology clinic. The interest of AL BEDA and KME, DMCC in the joint venture is in the ratio of 51% and 49% respectively.The said joint venture will operate one clinic under the Kaya Skin clinic brand and will utilise the existing infrastructure of the AL BEDA. Any future capital required for addition of new technology and other assets will be provided by AL BEDA and KME, DMCC as per the joint venture agreement.
Kaya Skin Clinics has established presence in India, UAE, KSA, Oman and this tie up will mark the entry of Kaya Skin Clinics in Kuwait.
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