Metco Holding Company successfully held its founding assembly with 100% attendance from its shareholders, during which the legal structure of the group was approved and the subsidiaries that will operate under its umbrella were adopted.
Metco Holding includes several companies, including Al-Somoud Petroleum (Kuwait), Live Plus for Trading Medicine and Medical Equipment (Kuwait), ST United for General Trading (Kuwait), KASAK for Security Devices and Systems Installation (Kuwait), Integrated Automation for General Trading (Kuwait), Middle East for Wired and Wireless Communications (Kuwait), Musaila Tech (UAE - Dubai), Middle East Technical Communications Limited (Iraq), Musaila Technology (Oman), and Musaila First Communications (Saudi Arabia).
The founding assembly witnessed the election of the new Board of Directors, structured as follows: Tawfiq Ahmed Bin Sultan as Chairman, Bassem Abdul Jalil as Vice Chairman and CEO, Osama Moussa as Executive Board Member, Abdul Amir Qassem Al-Masqati as Executive Board Member, Abdullah Hamad Al-Jou'aan as Board Member, Abdullah Hassan Dhakur as Board Member, and Mohammed Tawfiq bin Sultan as Board Member.
The new Board of Directors held its first meeting following the founding assembly, where the executive office members were elected, and strategic directions for the group in the upcoming phase were discussed.
Strategic Vision
On this occasion, the Chairman of Metco Holding, Tawfiq Bin Sultan, expressed pride in the successful journey the company has undertaken since its establishment in 1987 in Kuwait, highlighting key milestones that shaped its development, from the strategic partnership with Norton Telecom in 1980 to its transformation today into a closed joint-stock company.
Bin Sultan confirmed that Metco 's success over the past decades is the result of an ambitious vision and diligent work, emphasizing that the company is poised for an even brighter future, committed to enhancing its position among leading economic entities while striving for future listings on financial markets.
Sustainable Expansion and Growth
For his part, Bassem Abdul Jalil, Vice Chairman and CEO, stressed that the group is entering a new phase in line with the ambitious economic trends of the region, affirming that the group is poised for a strategic transformation aimed at expanding operations and enhancing partnerships with actors in both the public and private sectors. This will solidify the company's position as a key provider of advanced technological solutions and support sustainable economic development.
Abdul Jalil noted that the company management is committed to achieving sustainable growth and enhancing the group's presence in the technological and security sectors through a clear vision and a solid strategy that meets the aspirations of shareholders and strengthens the company's position in local and regional markets.