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Kuwait s Shamal Az-Zour gets investors nod for two more board members KUWAIT CITY, February 21, 2021 Shamal Az-Zour Al-Oula Power and Water Company, the first power generation and water desalination company in Kuwait, said its shareholders have approved the recommendation to increase the number of company board members from five to seven.
In August last year, the company was listed on Boursa Kuwait’s Premier Market, the first power generation and water desalination company to accomplish this feat.
It followed the successful distribution of 50% of the company s shares to Kuwaiti citizens in November 2019. The remaining 50% of shares are owned by different public and private entities. ....