Mulk Holdings invests in 
Africa with SGT deal

Suzan General Trading JLT Group, headed by chairman Kamlesh Pattni and group managing director Arif Hafiz, is a multinational diversified group with strong business interests in the African countries and established presence in Kenya, Sudan, Congo DRC, Zimbabwe and Kyrgystan. The group is diversified into duty free industry, hospitality, mining, automotive industry and trading construction, earthmoving and port handling equipment, medical equipment, automotive parts, gold, diamonds and coloured gemstones.

The joint venture company will be set up in Kenya as part of a two phased plan to initially market and distribute in phase one to be started immediately and set up manufacturing factories by mid to end 2013, comprising the full range of Alubond USA metal composite panels, ABTI sub structure systems, a fully equipped Aluminum coil coating line and a regional base for the Solar Energy solutions.

The potential investments for the complete manufacturing set up of all the products are estimated to be over $25 million.

The MoU for the joint venture with a share holding of 55 per cent for Mulk Holdings and 45 per cent for Suzan General Trading JLT Group was signed by Shaji Ul Mulk, chairman of Mulk Holdings, and Arif Hafiz, group managing director of SGT group.

— business@khaleejtimes.com