MEZZAN CREATES JV TO BOLSTER POSITION IN KUWAIT’S HEALTHCARE INDUSTRY

Kuwait, June 23, 2019 — Mezzan Holding KSC, one of the largest manufacturers and distributors of food, beverage, FMCG and Healthcare products in the Gulf, today announced that one of its fully-owned subsidiaries has signed a joint venture agreement with a limited liability company in Kuwait to manage and operate a distribution agreement for the sale and distribution of Medtronic & Covidien medical products and equipment, catering to consumers’ diabetes and other health care needs in the State of Kuwait.

Mezzan’s subsidiary has 51% ownership in JV, which grants Mezzan’s subsidiary rights of distributorship from Medtronic – Covidien; the world’s largest medical and surgical device makers and healthcare providers of medical technology.

(ENDS)