Kuwait approves new company rules, Zakat House restructuring and Silk City authority cancellation
Kuwait's Cabinet has approved a batch of legal changes that touch on how companies are formed and run. The draft legislation, approved under Prime Minister Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah, would simplify company procedures and abolish the joint venture company structure. Ministers also decided to restructure the board of Zakat House. A separate decree cancels the authority that had been overseeing development of Silk City and Bubiyan Island.
The Council of Ministers has approved draft legislation to simplify company procedures, abolish the joint venture company structure and restructure the Zakat House board, while also approving a decree to cancel the authority overseeing the Silk City and Bubiyan Island development. The Cabinet, chaired by Prime Minister Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah, approved a draft … The post Kuwait approves new company rules, Zakat House restructuring and Silk City authority cancellation appeared first on Times Kuwait .