KUWAIT, Sept 2 (KUNA) -- Kuwait Authority for Partnership Projects (KAPP) said Monday that subscription for 50 percent of Shamal Az-Zour Al-Oula Power and Water Company's shares will begin on October 1st.

Kuwaiti citizens, whose names are registered with the Public Authority for Civil Information (PACI) no later than September 15, are eligible to buy shares, KAPP said in a tweet.

Shamal Az-Zour Al-Oula is the first private company in Kuwait, specializing in electric power generation and water desalination with a productive capacity of up to 1,539 MW of electricity, which equals 10 percent of the country's production capacity, it noted.

KAPP urged all citizens wishing to subscribe to check validity of their civil IDs and complete their new born children data no later than September 15 to enable them, along with other family members, to buy their investment stocks in the company. (end) mka.kda.ma
 

All KUNA right are reserved © 2019. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.