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Kuwait tightens corporate oversight; 516 firms lose license - Times Kuwait
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Kuwait tightens corporate oversight; 516 firms lose license - Times Kuwait
Minister of Commerce and Industry Khalifa Al-Ajil has issued Ministerial Decision No. 196 of 2025, ordering the revocation of commercial licenses for hundreds of companies that failed to meet their legal financial disclosure obligations. According to the decision, the licenses of 516 companies have been cancelled after they did not submit their financial statements for three consecutive years. This measure was taken in accordance with Paragraph …
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