Kuwait's Agility has bid about 25.6 million dinars ($92.44 mln) to acquire a strategic stake in Kuwait Health Assurance Co. (KHAC), a company currently under establishment in the Gulf Arab state, Agility said on Sunday.
KHAC is a project envisioned in Kuwait's five-year development plan and aims to privatise expatriate health insurance and associated medical care. The project also includes plans to build and operate three new hospitals and 15 health clinics in the Gulf state.
The company is being set up with a capital of 318 million dinars ($1.15 billion) and the required equity to establish the firm is 30 percent, the logistics firm said in a statement to Kuwait bourse.
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