Al-Huwaillah introduces new Cooperative Work Regulation to improve governance and protect shareholders' funds
The Kuwaiti Minister of Social Affairs announced the issuance of the new Cooperative Work Regulation, which includes comprehensive reforms to enhance governance and transparency, as well as to achieve digital transformation in the sector. The regulation raises the maximum shareholder return from 12% to 15%, establishes a unified electronic platform for managing procedures, organizes investments, and develops the administration of associations and branches, while strengthening financial oversight and protecting shareholders' funds. These reforms aim to improve the efficiency of the cooperative sector, ensure its sustainability, and contribute to food security and economic and social development in Kuwait.
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