(Newswire.net — March 10, 2021) —
Kuwaiti European Holding (KEH) Company is the holding group of several businesses for leisure and necessity. KEH includes companies like London Resort, Armila Capital, Ebbsfleet United Football Club, Al-Fouz Investment Company, Medcorp Holding Company, and Al-Robaeya Brokerage Company. It started as a family-owned business in 2008, but in 2016 it shifted into a corporate holding structure. Dr. Abdulla Al Humaidi is the Director and CEO of Kuwaiti European Holding Company. He founded KEH with his family in 2008 and the Al-Humaidis still have majority shares. The merchant family holds a prominent position in Kuwait and has successfully operated a number of businesses throughout Europe and the Middle East.
The goal for Kuwaiti European Holding Company was to be a bridge between Europe and the Middle East. Investments are largely concentrated in the UK and Kuwait, but there are considerations to expand. KEH would like to include a worldwide net of connected businesses under its corporate umbrella structure. With the support of a successful merchant family, KEH is gaining a solid position with structure and disciplined management.
KEH is committed to building up the local areas with companies that make a difference. As a forward-thinking corporation, it has also invested in programs to help the community through improving local assets. The group is closely connected with a sister holding company Integrated Financial Services Group, also located in Kuwait.
The holding company is staying in step with changes to the population of Kuwait.
Kuwait is a country with over 4.5 million people and a huge group of Expatriates (3.4 million). Kuwait prime minister Sheikh Sabah Al-Khaled Al-Sabah wants the number of visa-holding residents to drop from above 70% to 30% of the total population. With this shift in dynamics, it will be crucial to have companies that are locally owned. After a difficult year, Kuwait wants to shorten supply chains and keep businesses more localized.
The push is to reduce overseas workers, especially low-skill labor. Kuwait’s prime minister wants to boost up local businesses and provide more opportunities for the Kuwaiti people. This has been a goal for years, but the change has seen an increased push after the wake of COVID-19. Kuwait needs to diversify the economy with a move away from oil. With fewer low-skill laborers in Kuwait, industries like leisure and finance are naturally on the rise.
In 2019, the Menelac networking conference took place in Kuwait to discuss the country’s Vision 2035 plans. “Kuwait is an important market for leisure and entertainment as its citizens are big spenders in leisure attractions, tourism, and entertainment facilities,” said Prakash Vivekanand, secretary-general of Menalac. “Kuwait’s economy is one of the most vibrant in the GCC. Its tourism, leisure attractions, and amusement facilities are growing fast due to high demand.”
With big spenders and leisure markets on the rise, KEH remains on a steady path towards increased growth. KEH is focused on building strong working relationships with other companies, and top leadership in the community. Working with asset managers ensures high standards are kept in place for successful investments. KEH is highly devoted to shareholders and wants to remain consistent in delivering profits for shareholders.
KEH certainly has some ambitious plans to continue growing in the leisure, real estate, health, and finance sectors. It continues to seek out high-caliber investments for strategic positioning in the market. The leadership of KEH handpicks investments based on the promise for strong returns and community enhancement. Three of its top portfolio companies headquartered in Kuwait include:
Al-Robaeya Brokerage Company is a brokerage house in Kuwait and offers online and offline trading for investments in the Kuwait Stock Exchange (KSE). The company offers brokerage services and investment opportunities.
Medcorp Holding Company covers a range of healthcare and wellness companies throughout Kuwait and other Gulf countries. Medcorp aims to bring the highest treatment options, products, services, and facilities to Kuwait and other surrounding countries.
Al-Fouz Investment Company is authorized and regulated by the Kuwait Capital Markets Authority and the Central Bank of Kuwait. As experts in financial investments, Al-fouz works to find and present ideal investment opportunities for clients, including real estate investments. They also provide wealth management and planning consulting services, asset management strategies, and corporate finance advice.
“We have great expectations here at KEH and are thrilled with the way our subsidiary companies are advancing despite the challenging year,” says KEH Director Dr. Abdulla Al Humaidi. “Our team is committed to partnering with excellent brands the UK and GCC that meet our high standards. We fully expect to keep advancing with more sound investments until we are a worldwide market leader—the very best in leisure, healthcare, and finance.”
Before founding KEH, Dr. Abdulla Al Humaidi was the CEO, Executive Vice Chairman, and Chairman for companies throughout the UK, Egypt, and Kuwait. He is now Chairman of Ajwan. He gained his doctorate from the Royal College of Surgeons in Dublin, Ireland.