Kuwait Saudi Pharmaceutical Industries Co. announced that it has received KWD 7.4 million in funding from Mezzan Holding Company K.S.C.P.
December 27, 2023
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Kuwait Saudi Pharmaceutical Industries Co. announced that it has received KWD 7,400,000 in an equity round of funding on December 28, 2023. The transaction included participation from returning investor Mezzan Holding Company K.S.C.P. On post completion of the transaction, Mezzan Holding Company K.S.C.P. will hold 80.04% stake in the company.
Mezzan Holding Company KSCP is a Kuwait-based industrial conglomerate. The Company's business activities are divided into five segments: Food, manufacturing and selling food, such as meat and dairy products, snacks and biscuits, as well as beverages; Fast Moving Consumer Goods (FMCG), responsible for the production and distribution of health and beauty products, medicines, medical and household products, such as shampoos, body soaps and tissues; Catering, offering catering services within short- and long-term contracts, as well as single event catering; Industrial, producing plastic goods, lube oil and paperboard for packing purposes; and Services, including ancillary storage, and logistics, among others. The Company controls a number of subsidiaries, such as Kuwait Indo Trading Company WLL, Conserved Foodstuff Distributing Company WLL, Plastic Industries Company and Al Muntasser Shampoo Factory. It operates in Kuwait, Qatar, Iraq, and Jordan, among others.