Al-Huwaila: A Handbook for the Future on Organizing Cooperative Work
The Kuwaiti Minister of Social Affairs confirmed that the new regulations governing cooperative work represent a qualitative leap, focusing on updating the legislative framework and enhancing transparency and governance in the cooperative sector. The aim is to protect shareholders' funds and support the sector's sustainability. The regulations include reforms such as digital transformation, contract organization, and strengthening financial oversight, along with the launch of a unified electronic platform and improvements in the management of cooperative associations. Additionally, the maximum dividend for shareholders has been raised from 12% to 15%, to promote the sector's sustainability and its role in economic and social development.
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