Minister of Commerce and Industry Khalifa Al-Ajeel has issued Ministerial Resolution No. (181) of 2025 approving the establishment of Gulf Alliance for Energy and Water Company, a Kuwaiti Public Shareholding Company (KPSC).
According to Article One of the resolutions, the company will operate under the name Gulf Alliance for Energy and Water Company (KPSC). Its objectives include the construction, implementation, management, operation, and maintenance of the Al-Zour North Power and Water Desalination Plant (Phases II and III).
Article Two stipulates that the company’s issued capital shall be KWD 197,032,500 (one hundred ninety-seven million, thirty-two thousand, five hundred Kuwaiti dinars), divided into 1,970,325,000 shares (one billion, nine hundred seventy million, three hundred twenty-five thousand shares), each with a nominal value of 100 Fils. The paid-up capital is KWD 49,258,125 (forty-nine million, two hundred fifty-eight thousand, one hundred twenty-five Kuwaiti dinars).
The share distribution will be as follows:
- Government and affiliated entities: 10% of the shares allocated to the Public-Private Partnership Authority (PPPA) on behalf of public entities.
- Investor shares: 40% of the shares allocated to Al-Zour Kuwaiti Second Holding Company (W.L.L.).
- Kuwaiti citizens: 50% of the shares allocated to the PPPA on behalf of Kuwaiti citizens.
Article Three provides that the company’s incorporation procedures shall be completed in accordance with the provisions of Law No. (1) of 2016 on Commercial Companies and its Executive Regulations, Law No. (7) of 2010 regarding the Capital Markets Authority (CMA) and the regulation of securities activities, and Law No. (116) of 2014 on Public-Private Partnerships (PPP), in addition to all related laws, resolutions, and regulations.
Article Four requires all relevant authorities within their respective jurisdictions—to implement this decision, which shall take effect from the date of its issuance and be published in the Official Gazette.