Establishment of 'Kuwait Digital Network'... 50% of Shares for Citizens
Qiyas summary
Ministerial decision to establish a public joint-stock company and distribute its shares among citizens and private companies.
Translated by Qiyas from النهار — Original source
The Official Gazette, “Kuwait Today,” published a ministerial decree regarding the establishment of Kuwait Digital Network Company as a public Kuwaiti joint-stock company. The decree specified the company’s authorized and issued capital at KD 33,190,950. It stipulated that shares be distributed among three entities: 50% to Kuwaiti citizens, 40% to Kuwait Fibre Holding Company (Batelco), and 10% to the Partnership Authority.
