Kuwait

Kuwait

Allowing foreign investors to own and trade in Kuwaiti banks' shares

15 Dec 2018

On 15 December 2018, the Kuwaiti Ministry of Commerce and Industry issued a decision allowing foreign investors to own and trade in Kuwaiti banks' shares. The decision states that ownership rights of foreign investors in any Kuwaiti bank shall not exceed five percent, whether directly or indirectly. Approval of the Central Bank of Kuwait (CBK) needs to be obtained, if the foreign ownership share exceeds five percent of the bank's capital.