Kuwait Corrects Its Subscription to the Arab Monetary Fund Capital
A law decree issued in Kuwait to correct the subscription value to the capital of the Arab Monetary Fund from 1.25 to 122.5 million Arab Account Dinars.
Translated by Qiyas from الراي — Original source
A decree-law was issued amending the value of Kuwait’s subscription to the increase in the capital of the Arab Monetary Fund, raising it to 122.5 million Arab Monetary Units, instead of 1.25 million Arab Monetary Units, according to what was published in the official gazette, “Kuwait Al-Yawm.”
The decree-law amends Article One of Decree-Law No. 7 of 2026, which concerns Kuwait’s approval of its subscription to the fund’s capital increase and the amendment of certain articles of its founding agreement.
The explanatory memorandum clarified that the amendment was made to correct the value stated in the previous text, as the correct value of Kuwait’s subscription is 122.5 million Arab Monetary Units, not 1.25 million Arab Monetary Units.
The decree-law includes an amendment to the text specifying the subscription value, and it shall take effect from the date of its publication in the official gazette.
