Ali Dashti, Chairman of Kuwait & Gulf Link Transport (KGL) said that his company is considering the capital increase of its fully-owned subsidiary KGL Logistics (KGLL).

He told CNBC Arabia exclusively that the company will use the capital raise in funding expansions in the GCC region, especially Saudi Arabia.
The Kingdom is a promising market and any logistics services provider should have strong presence there, Dashti said.

KGL aims at commercial expansion that will not be linked to the US army. The company seeks to march ahead with its expansions on the military and civil levels. KGL won more operations from the US army despite reducing its presence in Iraq.

Dashti concluded that his company operates currently in Kuwait and the GCC region, in addition to its investments in Egypt.