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Kuwait has in the current period actively legislative Sacher, resulted in the issuance of a number of laws of great importance for the present of Kuwait and its future, due to the stability enjoyed by the executive power and its insistence on complete its mandate in full, and singled out - and we are in this regard - Law No. 7 of 2010, that the establishment of capital markets and regulate the activity of securities issued on February 28, 2010, Law No. 37 of 2010 concerning the organization of the privatization program and its operations, issued on June 13, 2010. The importance of these laws that they are complementary and can fill a lack of a legislative system in the Kuwaiti laws, Vestmd law regulating the privatization program and its philosophy of promoting entity of the private sector, and giving a greater role in development, including through the establishment of joint stock companies generally, acquires public utilities - except for health and education - and the distribution of proceeds to shareholders, clearly benefits the public services provided by public enterprises, which led to the privatization, and then lead for the use of them, to reap again the profits achieved by the project, and these companies will be concluded to be included in one of the exchanges that fall under the capital markets, allowing traded between the public.

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Last Updated

May 18, 2017

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