Innomedics

Innomedics is a limited liability company that is based in Kuwait with a satellite office in Dubai, UAE. Innomedics is licensed to distribute medical products and equipment. Innomedics is the owner of Professional Trade Corner (PTC), a leading company in the medical disposables distribution arm of Innomedics, one of the leading medical device and consumables distribution companies in the Middle East and North Africa region. Both companies are in turn owned 100% by the Kuwait Life Sciences Company (KLSC). KLSC was established in 2010, with a paid up capital of 15 million Kuwait Dinars (KD) which is equivalent to approximately $53 million US Dollars and is fully owned by National Technology Enterprises Company (NTEC). NTEC was incorporated in November of 2002, by the Kuwait Council of Ministers as a fully owned company by the Kuwait Investment Authority (KIA), the sovereign wealth fund of the State of Kuwait. Capitalized at 100 million Kuwait Dinars (KD) which is equivalent to approximately $350 million US Dollars, NTEC aims to play a vital role in servicing major stakeholders in Kuwait and the Middle East region with their technology requirements.