| الحصة / Stake | القيمة (مليون دينار) / Value (KWD m) | |
|---|---|---|
| PPP Authority on behalf of citizens | 50% | 16.59 |
| Batelco Kuwait Fire Holding | 40% | 13.27 |
| PPP Authority on behalf of public entities | 10% | 3.31 |
Kuwait Digital Network has been incorporated as a Kuwaiti public shareholding company, with authorised and issued capital of KWD 33.19 million. It is a partnership between the Kuwait Authority for Partnership Projects and Batelco Kuwait Fire Holding, set up to develop, design, finance, build, operate and maintain Kuwait's fixed telecommunications network, Al-Rai reported.
The articles of incorporation were registered on 29 October 2026 under the Companies Law and its amendments and the Public-Private Partnership Law, according to the official gazette Kuwait Al-Youm.
The capital is divided into 331.9 million shares with a nominal value of 100 fils each. All of them are cash shares.
The Kuwait Authority for Partnership Projects holds 50% on behalf of citizens, worth KWD 16.59 million, and 10% on behalf of public entities, worth KWD 3.31 million. This gives it 60% in total, worth KWD 19.91 million. The strategic partner, Batelco Kuwait Fire Holding, holds 40%, worth KWD 13.27 million.
The founders deposited KWD 8.29 million, equal to 25% of the nominal value of each founder's shares. Each party must pay the rest of its stake in cash, totalling KWD 24.89 million. The deadline is the date all related financing agreements are signed and the letters of guarantee and letters of credit are issued.
The authority will pay the State for its subscription on behalf of citizens and public entities once the project is fully operational, as the Public-Private Partnership Law requires.
Besides its main purpose, the company's activities include installing telecom equipment, laying pipes, cables and computer networks, providing wired telecom services, building telecom booths and offering modern services through them, and leasing radio, television and telecom equipment.
The articles of incorporation make Kuwait the company's head office and set no end date for the company. The founders must call the constituent general assembly within 3 months of the authority's subscription. The meeting is valid only if shareholders holding more than half of the subscribed shares attend.
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