Corporate News     31-Jan-19
Kaya intimates of termination of JV with AL BEDA
Kaya announced that Kaya Middle East, DMCC (“KME DMCC”), a wholly owned subsidiary of Kaya (the “Company”) had entered into a Joint Venture Agreement dated 28 January 2016 with AL BEDA Medical Services K. S. C.C, Kuwait, (“AL BEDA") to set up and operate a dermatology clinic. The joint venture was operating one clinic under the Kaya Skin clinic brand.

The said joint agreement is now terminated with effect from January 31,2019, and this does not materially affect the Company. The interest of AL BEDA and KME DMCC in the joint venture was in the ratio of 51% and 49% respectively.

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