WUNRN
First
Islamic Investment Holding Company
for
Women Formed in Kuwait
Khaleej Times - 17 June, 2008
The
shares of the first Islamic holding company established and directed by women
and intended to serve women in the country will soon hit the Kuwait market. The
shares in Tejarati Holding Co KSCC are open for Kuwaiti women in all age groups
for subscription till the end of the month (June). The official launching of
Tejarati was announced during a press conference held yesterday at the Sahara
Club.
The new investment company has certain unique goals. "It aims to activate
the role of woman in the economic field. At the same time, it's concerned about
the woman's role in the development process in the country. The company will
help them take a leading and decision making role in the affairs of the
country. The project should also impact the whole society," noted Haya
Al-Sahli, Head of the Founding Committee.
Tejarati was formed with a view to establishing a group of developing
companies. "The companies will be later established by Tejarati and will
bring rewarding investment revenues for the shareholders. We will strive hard
to achieve our capital profits and at the same time attain our strategic
development goals," she added.
The founders of Tejarati envisioned to have a strong company with a paid-up
capital of KD 30 million. The capital is divided into 300 million shares for a
subscription value of 100 fils per share, with additional 5 fils as
establishing charges. The minimum limit for investing is 100,000 shares.
We are concerned about the underwriting applications which will be much more
than the capital, as we noticed a huge demand to subscribe to Tejarati shares
even before the official announcement was made. In the future, we propose to
expand the base by increasing the capital and establish new subsidiaries,"
Al-Sahli concluded.
The company does not mean to generate any gender discrimination by establishing
a company for women or women employees. "Tejarati will be dealing with men
and have strategic partners from men as well. Women constitute about 51 percent
of the society. These women have special needs that weren't covered by the
existing companies. This is the reason why we have come to the market,"
said Nabeela Al-Anjeri, the General Coordinator.
Tejarati will offer great opportunity for women to invest and work in a
suitable environment. "Women will also have good chance to improve their
skills, and invest in different fields such as education, health, and others.
Tejarati is encouraging the women to take a leading role in the private sector
as well. We will also have partners and will cooperate with international
bodies such as the World Woman's Banking Union and many others," Al-Anjeri
concluded.
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