KUWAIT CITY, Dec 20: Public Authority for Investment (PAI) has paid KD 15 million on behalf of citizens for a 50 percent share in the health insurance project called “Dhaman”, reports Al-Nahar daily quoting informed sources. They explained that the authority took the step in preparation for the initial public offering (IPO) next year.
The project will significantly improve health services in the country. It will also benefit expatriates as they will be expected to pay annual health insurance only in return for the health services in Dhaman hospitals.
No charges will be paid for each hospital visit, as those charges would already be covered by the comprehensive annual health insurance. Health Insurance Hospitals Company “Dhaman” was established as a partnership between the public and the private sectors with an authorized and paid up capital of KD 230 million, 24 percent of which is owned by governmental authorities represented by Public Authority for Investment and Public Authority for Social Security, 26 percent by the private sector represented by the strategic partner Al-Arabi Group Holding Company, while the remaining 50 percent shares of the company were allotted to Kuwaiti citizens.
The operational plans of the company are expected to commence early 2018 through the launch of a number of integrated primary healthcare centers, which will provide services to a large segment of beneficiaries. The centers will be distributed all across the country according to population density. The full operations of primary and secondary healthcare services are expected to be carried out in full swing by 2020