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In compliance with public disclosure laws for publicly-traded companies, the Public Institution for Social Security, the $US 10 billion pension arm of the citizens of Kuwait, announced that it owns 9.33 % of the total outstanding common equity shares of the Public Warehousing Company KSC.
The Public Warehousing Company (PWC) Group was established in 1979 and provides leading edge supply chain, e-commerce, customs, price research and decision support solutions to private and public sector entities worldwide. PWC is publicly traded and is currently listed on the Kuwait Stock Exchange (KSE) with a market capitalization of around 1 Billion US Dollars.
In addition to it substantial logistics operations, PWC has a controlling interest in Inspection & Control Services Company (ICS), the world’s leading provider of destination customs and price research solutions.
Representative customers and/or partners of the PWC Group include McDonalds, Nestle, Microsoft Corporation, Oracle, HP/Compaq, Exe Technologies, The Governments of Dubai, Argentina, and the United States of America. PWC was privatised in June of 1997 and has a shareholding base comprising approximately 20,000 investors, including prominent private and public sector investors such as the National Real Estate Company (owners of the Free Trade Zone Concession) and the Public Institution for Social Security.
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