Mubasher: Galfar Engineering has registered a One Person Company (OPC), which is 100% owned by Galfar Engineering and Contracting, according to a bourse statement on Sunday.

The new entity has been registered under the name “Galfar Oman General Contracting for Building” in Kuwait, with an initial capital of KWD 10, 000.

The Muscat Securities Market (MSM)-listed company clarified that the new company will apply to be registered for executing the same works Galfar is registered for in Oman.

“The associate company in Kuwait, Galfar Engineering and Contracting-Kuwait, in which Galfar Oman holds 26% will continue operating in roads, civil works and supply of concrete and asphalt,” the statement said.