Kuwait Airways to become fully state-owned
Decree-Law No. 77 of 2026 has been issued, transforming Kuwait Airways into a fully state-owned joint-stock company. The objective is to keep pace with developments in the sector and update the legal framework to enhance its efficiency. The decree states that the state's ownership of the shares remains direct, and the Board of Directors of the Public Investment Authority supervises the company's management and elects its Board of Directors. It also provides flexibility in contracting international expertise, defining the organizational structure, and administrative regulations. Additionally, the decree limits the company's authority to dispose of its shares without Cabinet approval and exempts it from the Competition Protection Law, given its status as the national carrier. The goal of the decree is to align the company's conditions with the new provisions, and it comes into effect from the date of its official publication.
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