Kuwait Cabinet Approves Draft Decree to Convert Kuwait Airways into a State-Owned Joint Stock Company.

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Major Decision in Kuwait: Cabinet Approves New Legal Status for Kuwait Airways.

The Kuwaiti Cabinet has approved a draft decree-law to convert Kuwait Airways into a joint stock company that will remain fully owned by the State. The decision was made during the Cabinet meeting chaired by Prime Minister Sheikh Ahmad Al-Abdullah.

According to the official announcement, the approved draft decree-law will be submitted to His Highness the Amir Sheikh Mishal Al-Ahmad to complete the required constitutional procedures before it enters the next stage of the legislative process.

The proposal provides for transforming Kuwait Airways into a joint stock company while maintaining full government ownership. The decision does not alter the state's ownership of the national carrier.

The Cabinet stated that the draft decree represents an official legal step concerning the future organizational structure of Kuwait Airways while preserving its status as a wholly state-owned company.

The approval forms part of the government's ongoing review of legislative and administrative matters related to public institutions and state-owned companies through established legal procedures.

Following Cabinet approval, the draft decree-law will proceed through the constitutional process after being referred to His Highness the Amir for consideration in accordance with Kuwait's legal framework.

The Kuwaiti government continues to encourage the public to rely on official announcements for accurate information regarding Cabinet decisions and future developments related to Kuwait Airways.