Gulf Cryo Holding C.S.C has announced that it has successfully executed an authorised capital increase from KD 1,000,000 to KD15m (approx $3.6m to $5m), providing sounds financial footings for further expansion of the group’s operations.
Following this development, Gulf Cryo now will start a smooth transition of re-branding that encompasses shifting all the brand names of the group companies under one umbrella, called Gulf Cryo.
The whole consolidation and re-branding process is expected to be finalised over the course of the next 12 months.
This will see Gulf Cryo, the leading privately-owned manufacturer of industrial, medical and specialty gases in the Middle East, deciphered as a parent company in the whole Middle East region.
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