Launch of 'Kuwait Digital Network' with KD 33.1 million

The Official Gazette, “Kuwait Today,” published in its issue No. 1810 dated September 27, 2026, the Ministerial Decision No. 185 of 2026 concerning the establishment of “Kuwait Digital Network” as a Kuwaiti public joint-stock company. The decision stipulated that the authorized and issued capital of the company amounts to KD 33,190,950, distributed across 331,909,500 shares with a nominal value of 100 fils per share, while the paid-up capital reached KD 8,297,737.500. According to the decision, the company’s share ownership is distributed among three entities: 50 percent of the shares are held by the Public-Private Partnership Authority on behalf of Kuwaiti citizens, 40 percent are held by “Kuwait Fibre Telecom Holding Company” as investor shares, and 10 percent are allocated to the Public-Private Partnership Authority on behalf of public entities. The decision mandates completing the company’s establishment procedures in accordance with the provisions of Companies Law No. 1 of 2016 and its Executive Regulations, Capital Markets Authority Law No. 7 of 2010 concerning the establishment of the Capital Markets Authority and regulation of securities activities and its Executive Regulations, as well as Public-Private Partnership Law No. 116 of 2014 and its Executive Regulations. The establishment of the company, within the structure specified in the decision, falls under the framework regulating company ownership and share distribution among citizens, investors, and public entities, with establishment procedures subject to the legal frameworks governing public joint-stock companies, securities activities, and public-private partnership projects.