Kaya’s foreign subsidiary - Kaya Middle East, DMCC (KME, DMCC) has entered into a Joint Venture Agreement (JVA) with AL BEDA MEDICAL SERVICES K.S.C.C., Kuwait, (AL BEDA) to set up and operate a dermatology clinic. The interest of AL BEDA and KME, DMCC in the joint venture is in the ratio of 51% and 49% respectively.
The said joint venture will operate one clinic under the Kaya Skin clinic brand and will utilize the existing infrastructure of the AL BEDA. Any future capital required for addition of new technology and other assets will be provided by AL BEDA and KME, DMCC as per the joint venture agreement.
Kaya Skin Clinics has established presence in India, UAE, KSA, Oman and this tie up will mark the entry of Kaya Skin Clinics in Kuwait.
Kaya is a pioneer in specialized skin care and delivers customized skin care services and products through a combination of qualified dermatologists and USFDA approved cosmetic dermatological procedures.
