Kaya announced that in view of the ongoing business reorganization in Gulf Cooperation Council region, Kaya Middle East FZE (FZE) has entered into a joint venture with Khimjis Ramdas LLC (Local partner), whereby FZE will hold 51% and Khimjis Ramdas LLC will hold 49% in Khimjis Health Care LLC (KHCLLC), in Oman.
Prior to the reorganization, FZE had economic and beneficial interest in KHCLLC.
Pursuant to the business reorganization in Gulf Cooperation Council region and to strengthen the equity structure, FZE has acquired 51% stake in KHCLLC.
FZE will hold 51% and Khimjis Ramdas LLC, Local partner, will hold the balance 49% of equity in KHCLLC.
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