
Now Kuwait to Start Charging Fees for Previously Free Services
This move is in response to a directive from the Cabinet, which requires government agencies to coordinate with the Ministry of Finance to review and adjust their service charges in line with operational costs.
Among the most notable changes is the imposition of a KD 20 fee for all company formation applications—previously free—regardless of the company's nature, including non-profit organizations. Other services that will transition from free to paid include applications to amend the fiscal year of personal companies, write-offs of mortgages and commercial agencies, and brokerage services related to fish, fodder, livestock, vegetables, fruits, and birds.
One of the sharpest fee hikes involves temporary commercial licenses. The cost for such licenses—previously KD 30 — will surge to KD 500 for events like real estate exhibitions or temporary jewelry fairs, representing an increase of approximately 17 times the original fee.
The proposal also recommends a 25 percent increase in fees for key company-related services, including capital amendments, share adjustments, partner additions or removals, company dissolution or liquidation, changes to management clauses, and trade name amendments. Furthermore, the license fee for practicing accounting is set to rise from KD 150 to KD 200.
Other adjustments include a 25 percent hike in fees for renewing company licenses and issuing board member certificates. The attendance fee for Ministry of Commerce representatives at general assemblies will increase from KD 100 to KD 125. In contrast, the fee for issuing and renewing ration cards will double from KD 5 to KD 10.
Officials behind the proposal justified the fee revision by highlighting the disparity between current charges and the actual costs borne by the Ministry of Commerce and Industry. A comparative study of similar fees across Gulf countries, along with the fact that some fees have remained unchanged for as long as 53 years, further supports the need for adjustment.
The proposed regulations are expected to set new benchmarks for trade-related service fees, reflecting both economic realities and regional standards. Stakeholders and affected parties await formal approval and implementation timelines as the ministry moves forward with these significant changes.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Kuwait Times
7 hours ago
- Kuwait Times
Al-Safat Investment announces net profit of KD 4.65 million for H1 2025
Board of Directors approves a semi-annual cash dividend of 5% to shareholders KUWAIT: Al-Safat Investment Company announced net profits of KD 4.65 million for the first half of 2025, reflecting a strong financial performance that underscores the success of its strategy to restructure its investment portfolio, enhance operational efficiency, and manage liquidity effectively. This included exiting some non-strategic assets, focusing on high-yield, sustainable investments, expanding its client base through innovative and diversified investment solutions, and launching a market-making service for Kuwaiti-listed companies on Boursa Kuwait. In a historic step, the Board of Directors of Al-Safat approved a semi-annual cash dividend of 5 percent to shareholders for the first half of 2025. With this move, Al-Safat became the first listed Islamic investment company on Boursa Kuwait to adopt such an approach—affirming the strength of its financial position and management's confidence in its ability to generate sustainable profits. Al-Safat Investment Company Chairman Abdullah Al-Terkait stated: 'The adoption of semi-annual dividends for 2025 reflects the vision of Al-Safat's Board to enhance shareholder value and reinforce transparency and financial discipline. The company's management will continue to work towards sustaining this approach to deliver rewarding returns, strengthen stability, and support growth', he stated. On the operational front, the company's assets increased to KD 48 million by the end of the first half of 2025, compared to KD 44 million in the same period last year. Shareholders' equity also rose to KD 34 million from KD 29 million a year earlier—an encouraging indicator of the company's strong balance sheet and solid capital position. During the past period, the company completed several important steps, including exiting certain non-strategic investments and settling several legal and investment cases—positively impacting liquidity and financial strength. The strategic diversification of Al-Safat's portfolio—across sectors such as real estate, industrial, financial services, and technology, and across assets both inside and outside Kuwait—has played a key role in strengthening financial performance and reducing volatility, thereby supporting consistent returns and maximizing shareholder value through the achievements of the company and its subsidiaries. Notable achievements include the 'The Blue' Al-Ahmadi Craft Project of Dar Al-Safat, which reached an occupancy rate of 97 percent, thanks to effective leasing and real estate development policies. Subsidiaries also saw improved performance Synergy Holding Co (K.S.C.C.) moved from a net loss of KD 804.6 thousand in 2023 to a net profit of KD 59.7 thousand in 2024, supported by strong revenue growth. Shuaiba Industrial Co (K.S.C.C.) maintained strong profitability despite challenging market conditions through cost control, improved profit margins, and operational efficiency. Modern Printing & Publishing Co, a group subsidiary, achieved solid operational results with sales growth, improved profitability, and wider margins—demonstrating its focus on profitable and sustainable growth. Zak Solutions, one of Kuwait's leading technology service providers and an Al-Safat investment, recorded significant annual profit growth driven by improved efficiency and higher gross profit—bolstering financial stability and positioning it to capture future growth opportunities. Al-Safat is also expanding its review and pursuit of new government projects, in which it invests through its group companies, while enhancing its real estate portfolio in line with sustainable growth priorities and risk management. The company aims to continue its carefully planned investment expansion both locally and abroad, seeking new high-quality opportunities while adhering fully to Islamic Sharia principles in all operations and investments, and adopting best practices in governance, as well as social and environmental responsibility—reinforcing its role as a trusted and active investment partner in supporting development in Kuwait.


Arab Times
9 hours ago
- Arab Times
Zain Group reports exceptional Performance for H1 2025: Net Profit soars 49% YoY to reach KD 121m(USD 395m); Revenue grows 14% YoY to reach KD 1.1bn (USD 3.5bn)
KUWAIT CITY, Aug 12: Zain Group, a leading provider of innovative ICT and digital lifestyle communications, operating in eight markets across the Middle East and Africa, announces its consolidated financial results forsecond quarter (Q2) and six-months (H1) ended 30 June 2025. Zain served 50.9million customers at the end H1 2025, a7% increase Year-on-Year (YOY),driven by network restorationin Sudan and expansion in Iraq. Group Key Performance Indicators (KD and USD) for the first six months (H1) of 2025 Zain Group H1 2025 revenue soared 14% YoY to reach KD 1.1billion (USD 3.5 billion). EBITDA grew10% YoY to reach KD 356 million (USD 1.2 billion), reflecting an EBITDA margin of 33%. Net income for the first six months soared49% YoY, reaching KD 121 million (USD 395 million).Net income for H1 2025 includes one-time gain of KD 15 million (USD 50 million) on settlement of legal disputeinvolving INWI, of which Zain Group is a 15.5% shareholder (via Zain Al Ajial).H1 2025 Earnings per share stood at 28fils (USD 0.09). Zain GroupQ2 2025 revenue grew 13% to reach KD 541million (USD 1.8 billion) compared to Q2 2024. EBITDA reachedKD 186million(USD 606million), reflecting a healthy EBITDA margin of 34%. Net income soared 40% to reach KD 73 million (USD 237 million), reflectingearnings per share of 17fils (USD 0.05). Key Operational Highlights for H1 2025 1. The Board declaresinterim dividend of 10 fils per share for the 5thconsecutive year, that will be payable to entitled shareholders on 3September2025. 2. Customer base increased 7% driven by network restoration in Sudan and site expansion in Iraq 3. Data revenue grew 8% YoY to reach USD 1.3billion, representing 37% of total Group revenue 4. Overthe six months, Zain Group invested USD 397million in CAPEX (11% of revenue) 5. Operations in Kuwait, KSA, Bahrain and Jordan witness impressive growth in 5G revenues 6. Zain Kuwait and KSA launch 5G Advanced services enhancing digital innovation in these markets 7. Impressive net profit growth in Sudan (+101%), KSA (+28%) and Iraq (+23%) for H1 2025 8. Fintech revenue witnessedrobust growth of28% YoY, while transaction volume soared 46% YoY 9. Groupwide enterprise revenue witnessed 11% growth YoY, as ZainTECH and B2B teams win key business and government accounts, ZainTECH revenue soared 94% YoY 10. Groupwide digital services witness revenue growth of 7% driven by increase in Sudan and Kuwait 11. Zain Omantel International (ZOI) records exceptional revenue growth of 324%YoY; receivesmultiple industry awards for its innovative subsea and terrestrial networks 12. Zain launches 'Bede' Fintech Platform in Sudan offering money transfers, airtime top-ups, bill payments, merchant purchases, cash deposits and withdrawals 13. Launch of 'WE ABLE 2030' Vision aiming to safeguard people with disabilities in the 'AI' era 14. Zain Inclusion, Diversity & Equity University(IDEU) program winsprestigious EFMD Excellence Award 15. Publishedthe 14thannual Sustainability Report, titled 'The New Paradigm Shift' Commenting on Q2 and H1 2025 results, Chairman of Zain Group, Mr. Osamah Al Furaih said, 'The Group's strong performance underscores the productivealliance between the Board and executive management teams of all our entities in delivering our '4WARD—Progress with Purpose' strategy. Our focus on acceleration, collaboration, and digital innovation, alongside our ESG commitments, is having comprehensive impact on sustainable value creation for all stakeholders. Moreover, constructive relationships with regulators and key stakeholders arealso driving meaningful connectivity across all customer segments.' 'Following this H1 2025 performance and solid financial position, the Board is pleased to declare a fifth consecutive interim dividend of 10fils per share, in line with our minimum annual dividend policy of 35fils.' Mr. Bader Al-Kharafi, Zain Vice-Chairman and Group CEO commented, 'Our outstanding operational and financial performance over the past six months is the result of carefully executed strategic investments in network expansion and AI technologies, combined with disciplined cost optimization and focused monetization of our enterprise, fintech, and digital service portfolios. We are committed to sustaining this positive momentum and elevating Zain to even greater heights.' 'Despite fierce competition in our home market of Kuwait—which still delivered solid results—our core operations across all major markets made notable strides. Sudan, Saudi Arabia, and Iraq, in particular, recordedexceptionaldouble-digit net income growth. Furthermore, our ICT enterprise arm, ZainTECH, and our global wholesale carrier, Zain Omantel International (ZOI), performed exceptionally well, as did our fintech and digital service portfolios across multiple markets.'


Kuwait News Agency
10 hours ago
- Kuwait News Agency
Kuwait Cabinet approves decree-law for protecting public funds
KUWAIT, Aug 12 (KUNA) -- The Kuwaiti Cabinet on Tuesday approved a draft decree-law revising Law 1/1993 for protecting public funds, which is considered a national priority and duty for the government. It is also designed to close the loopholes of the previous law, which were revealed by practical applications, to update the legal drafting and widening the scope of criminalization and objective and procedural protection of public funds. The legislation was approved during the Cabinet's customary weekly meeting held at Bayan Palace under the chairmanship of Acting Prime Minister and Minister of Interior Sheikh Fahad Yusuf Saud Al-Sabah. The Cabinet also approved a draft decree-law amending Law 38/1980 with a view to speeding up litigation and coping with digital transformation. During the meeting, Minister of Oil Tareq Al-Roumi kept the ministers posted on the Kuwait Oil Company's recently launched artificial intelligence-used innovation center, which is part of the Kuwait Petroleum Corporation's digital transformation strategy in the energy field. Minister of State for Municipal Affairs and Minister of State for Housing Affairs Abdullatif Al-Meshari elaborated on the 80-km Al-Sabriya City project, which provides 55,000 housing units. The minister described the city as one of the largest housing and development projects in northern Kuwait. For his part, Minister of Electivity, Water and Renewable Energy and Minister of Finance and Acting Minister of State for Economic and Investment Affairs Dr. Sabeeh Al-Mukhaizeem briefed the cabinet on the Public Authority for Partnership Projects (PAPP)'s signing of the second and third phases of the Al-Zour North Power Plant Project, in collaboration with a consortium that includes ACWA Power company and the Gulf Investment Corporation. Meanwhile, the Cabinet decided to suspend work at all ministries, government bodies, public institutions, and agencies on Thursday, September 4, 2025, on the occasion of the Prophet's Birthday. Finally, the ministers reviewed and approved a set of subjects and matters on the agenda and decided to refer some of them to relevant ministerial committees for considering them and then reporting to the cabinet. (end) mt