Author: admin

Date: 9/6/2017

FK Investments acquired major shares of AM Oil Industries in Albania with full management rights in an expansionary step towards international markets. AM Oil Industries is the first company in Albania to refine oil and its derivatives to consumer products for the local market. The company has agreed with its strategic partners to take the formal approvals and obtain the necessary licenses for the construction of a high-level oil complex with a production capacity that covers the needs of the entire region. The land for the construction of this huge project has already been purchased in a strategic location and construction works is expected to be completed after 5 years.

Date: 1/5/2017
Starting the direct flights to Bosnia and Georgia for the summer 2017. FK Gryphon has signed a contract with the Hajj and Umrah Services Group (Mawasem) to be the exclusive operator for direct flights to Bosnia and Georgia during the 2017 summer season. Sarajevo’s direct flights begin on July 7, 2017, and will continue until September 8, 2017. A320 aircraft will be used for this destination, with 3 flights per week to Sarajevo in Bosnia, and for Georgia flights, 9 direct flights to Tbilisi and Batumi in the Republic of Georgia, beginning on July 9th until September 7, 2017. It is worth saying that FK Gryphon is the first company that has made a direct non-stop airline route from Kuwait to Sarajevo for five years up to this day.

The company’s cooperation with ‘Mawasem’ this year is due to the desire of both the parties to open an air bridge during the summer season for travel lovers to the Republics of Bosnia and Georgia in Eastern Europe, and to expand commercial aviation services between the parties by combining their expertise in this area to provide travel opportunities for both tourists and investors to choose what suits them from trips that correspond to their connections during the travel season.
The travel and booking operations for these flights are handled by Al Salaam Travel Office, the company’s travel and tourism office. It is known that the office provides full services for tourists wishing to travel with the follow-up and termination of their travel requirements, including visa for non-Kuwaiti citizens, where Kuwaiti citizens do not need a visa to visit Bosnia and the Republic of Georgia.The office also provides services to the clients through offers of hotel accommodation in both countries.

Date: 26/2/2017

FK Investment participated in the recently established Abu Dhabi exhibition, which the world’s leading manufacturing companies keen to attend and participate every year.

The participation in this exhibition is to deliver the products of its factory (FAST) to the Gulf, regional and global market, as the biggest companies in the world attend this exhibition to see the latest products, equipment and parts in the field of military industrialization and civil defence. The company offered some parts produced by FAST plant in Bosnia and succeeded during the exhibition in holding some business deals with parties of interest.

Date: 30/1/2017

FK Logistics became the partner and major shareholders of FAST company for spare parts, engines and conditioning machines for heavy equipment. This decision came in line with the vision of expanding in foreign markets, where the company’s attention to the Bosnian market is to look for viable investment opportunities in the industrial sector, the company succeeded in 2016 to acquire 75% of the shares of Fast in the Republic of Bosnia and Herzegovina,this investment has been one of the best investment opportunities in the military industry since the company has a long experience in the field of military industrialization, and has started to initiate administrative development and marketing for the company’s products, and indeed the company has started to grow to take its place among the world’s factories, maintaining the highest quality standards that it has known for its lifetime.This is the only company in Eastern Europe after the Russian Federation that manufactures engines and mechanical equipment for military machinery and vehicles.