A total of 57 joint stock companies were established during the past seven months with a capital of KD 415 million in Kuwait. A KUNA report showed real estate companies topping the list with 18 new companies. Investment companies slipped the top spot with 16 new companies established, followed by 12 services companies, 8 industrial companies, and 3 food companies.
The net capital of the real estate companies was at KD 91 million with 13 companies starting with capital under KD 10 million. The largest starting capital was KD 20 million.