1 Day
Source:
وكالة الأنباء القطرية
Kuwait Airways becomes public company
A royal decree has been issued in Kuwait to transform Kuwait Airways into a fully government-owned joint-stock company, aiming to enhance its competitive efficiency and modernize its legal framework. The decree stipulates that the airline will remain government-owned, with restrictions on the transfer of shares. It grants the board of directors broad powers to manage the organizational structure and financial and administrative regulations, enabling the company to make flexible operational and investment decisions to strengthen its ability to compete in the global aviation sector. This move is part of Kuwait's efforts to improve and develop its economic institutions and legal structures.
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