KUWAIT: Out of its role in following up all the issues related to national investment in general and the investment sector in particular through coordinating with various concerned bodies, the Union of Investment Companies (UIC) reviewed the ministry of Commerce and Industry's decision published in Kuwait official gazette Al-Kuwait Al-Youm on October 22, 2017. The decision pertained to Article 122 and it states, "To hold ordinary and extraordinary general assemblies, it is enough just to notify the ministry of the assembly time and place at least seven days earlier without any commitment to show financial data or any other conditions."

Accordingly, UIC thanks the ministry for this amendment noting that it has a positive impact on avoiding delay of general assemblies and the possible consequences of subjecting companies to penal measures such as suspending their shares on Boursa Kuwait.