KEH sets up new football subsidiary Kuwaiti European Holdings is pleased to announce details of a new initiative in its UK business activities.

Former Charlton Athletic FC Executive Vice Chairman and CEO Peter Varney has been appointed as the CEO of KEH Sports Ltd. KEH Sports Ltd is a newly formed subsidiary of the Kuwaiti European Holding Company and Varney has been appointed to oversee the group's planned and future investment in football in the UK.

Dr Abdulla Al-Humaidi (Chairman of Kuwaiti European Holding Company) said "We are delighted to have secured the services of Peter Varney to this key new role in our UK operations. He has a wealth of experience in the football sector and I very much look forward to working with him on our proposed range of current and future football related projects".