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Kuwait s Shamal Az-Zour gets investors nod for two more board members

Kuwait s Shamal Az-Zour gets investors nod for two more board members KUWAIT CITY, February 21, 2021 Shamal Az-Zour Al-Oula Power and Water Company, the first power generation and water desalination company in Kuwait, said its shareholders have approved the recommendation to increase the number of company board members from five to seven.   In August last year, the company was listed on Boursa Kuwait’s Premier Market, the first power generation and water desalination company to accomplish this feat.   It followed the successful distribution of 50% of the company s shares to Kuwaiti citizens in November 2019. The remaining 50% of shares are owned by different public and private entities. 

Millions wasted by PAM - ARAB TIMES

Prosecution refers biggest money laundering case to Criminal Court - ARAB TIMES

Messenger KUWAIT CITY, Dec 30: In the wake of the months-long investigation into one of the biggest money laundering cases that surfaced in 2020, the Public Prosecution referred the first case of “the Iranian Salehi Network” to the Criminal Court presided over by Counselor Abdullah Al- Othman for the trial session scheduled for Wednesday December 30, reports Al- Qabas daily. According to an informed source, a separate case has been filed for the accused judges in this network, and the prosecution is still investigating it. The ban on publishing information about the investigation continues. As for the case referred to the Criminal Court, the court is the one to decide whether the ban on publications is to continue or to allow discussion on the events of the trial of the accused.

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