Decree Correcting Kuwait's Subscription to the Arab Monetary Fund Capital Increase to 122.5 Million Dinars
A law decree was issued to correct Kuwait's subscription in the increase of the Arab Monetary Fund's capital from 1.25 million to 122.5 million Arab monetary units.
Translated by Qiyas from الأنباء — Original source
Decree-Law No. 124 of 2026 was issued in the Official Gazette, “Kuwait Today,” amending Article 1 of Decree-Law No. (7) of 2026, which approved the State of Kuwait’s subscription to the increase in the capital of the Arab Monetary Fund and amended certain articles of the Fund’s establishing agreement. Its provisions are as follows:
Article 1: The phrase “amounting to 1,250,000 Arab Monetary Units (one million and two hundred fifty thousand) Arab Monetary Units” contained in the first paragraph of Article 1 of the aforementioned Decree-Law No. (7) of 2026 is replaced with the following text: “amounting to 122,500,000 (one hundred twenty-two million and five hundred thousand) Arab Monetary Units”.
Article 2: The Ministers, each within their respective areas of competence, shall implement this Decree-Law, which shall enter into force from the date of its publication in the Official Gazette.
The explanatory memorandum stated that on January 27, 2026, Decree-Law No. (7) of 2026 was issued approving the State of Kuwait’s subscription to the increase in the capital of the Arab Monetary Fund and amending certain articles of the Fund’s establishing agreement. Article 1 thereof stipulated that “the State of Kuwait’s subscription to the increase in the capital of the Arab Monetary Fund, which was authorized by the Fund’s Board of Governors in its Decision No. (9) of 2024, is approved at a value of 1,250,000 Arab Monetary Units (one million and two hundred fifty thousand) Arab Monetary Units, payable in twenty equal semi-annual installments, and the amendment of Articles (11, 12, 15, 18, 21, 22, 23) of the Arab Monetary Fund’s establishing agreement is approved. This is in accordance with the manner outlined in the aforementioned Board of Governors’ Decision No. (9) of 2024 and its attached table, which are annexed to this Decree-Law.”
Whereas the aforementioned article stipulated that the State of Kuwait’s subscription to the increase in the capital of the Arab Monetary Fund was valued at 1,250,000 (one million and two hundred fifty thousand) Arab Monetary Units, whereas the correct value is 122,500,000 (one hundred twenty-two million and five hundred thousand) Arab Monetary Units.
And whereas the Emiri Order dated 10/5/2025 was issued, stipulating in its Article (4) that laws shall be issued by decree-laws, the attached draft Decree-Law, consisting of two articles, was prepared to amend the first paragraph of Article 1 of the aforementioned Decree-Law No. (7) of 2026.
Article 1 of the attached draft Decree-Law stipulates that the phrase “amounting to 1,250,000 Arab Monetary Units (one million and two hundred fifty thousand) Arab Monetary Units” contained in the first paragraph of Article 1 of the aforementioned Decree-Law No. (7) of 2026 is replaced with the phrase “amounting to 122,500,000 (one hundred twenty-two million and five hundred thousand) Arab Monetary Units”.
Article 2 of the attached draft Decree-Law mandates the implementation of this law and its entry into force from the date of its publication in the Official Gazette.
