Major capital boost for Gulf Cryo


Gulf Cryo Holding KSCC has announced that the company value has been boosted by 50% with the injection of paid-up capital from capitalisation of voluntary reserves and retained earnings, as agreed by the owners.

The company’s total paid-up capital now stands at KWD 22.5 million (approx. $78m).

This capital injection comes on the back of strong growth across the region, and geographical expansion in markets such as the GCC, Iraq, Jordan, Egypt, Turkey and Austria.

The company now consists of over 30 production and distribution sites, with more than 1,000 employees across the MENA (Middle East and North Africa) region.

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