Kuwait Life Sciences Company
KLSC is fully owned by the National Technology Enterprises Company (NTEC) which was established in 2004 and was fully funded by the Kuwait Investment Authority (KIA), the sovereign fund of Kuwait.
KLSC focuses on healthcare innovative concepts and demanded services which have a clear unmet need. KLSC has been designed as an integrated healthcare company building unique projects and is considered one of the few venture capitalists in the Middle East that invests globally and operates regionally seeking to advance healthcare services and systems in the region. KLSC supports both public and private sectors to access emerging technologies, establish unique projects and adapt best practices prevailing in today's healthcare field.
Kuwait Investment Authority
The Kuwait Investment Authority (KIA) is the oldest sovereign wealth fund in the world. KIA traces its roots to the Kuwait Investment Board, which was established in 1953, eight years before Kuwait's independence in 1961. In 1982, KIA was created as an autonomous governmental body responsible for the management of the assets of the country.
Throughout its history, KIA has been a stable and responsible shareholder and owner and pursues corporate governance activities based on industry best practices and the highest international standards of shareholder responsibility.