Holding Company For Educational Investment At Kuwait University

In an unprecedented step, Kuwait University decided to establish a holding company, which would be a building block for future educational investments in the educational sector, after the University’s Supreme Council recently approved the establishment of this company to be financially independent owned by the university.

According to the official correspondence, a copy of which has been obtained by Al-Qabas, it has decided to form a working group to propose the strategic perspective of the company, its capital, its statute and organizational structure, provided that the proposal will be presented to the University Council at a later meeting.

In the context, informed sources revealed that the establishment of this company, as an economic entity for the university, will transform the latter from a mere higher education institution to a leading educational institution, where it will be able to manage educational and research companies that will raise the academic level of the university, as well as provide resources.

The holding company will be an economic entity that manages affiliated entities, for example, through which the university will be able to acquire or establish other educational institutions, or attract international educational entities, through the capital of the holding company.

The sources said that the main idea of establishing the holding company is for this entity to become financially independent and generate profits for the university, to spend on the quality of education, which is common practice in various prestigious universities, in addition to that this step would establish service economic entities, such as developing the consulting and training sector at the university.

 

SOURCE   :   TIMES KUWAIT 

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