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Nod to law on firm for domestic hires
March 30, 2016, 8:30 am
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The Parliament, in its regular session Tuesday, approved the proposal to amend law number 69/2015 on the establishment of a closed joint stock company for the recruitment of domestic workers in the first and second readings.

Article One of the bill stipulates changing the first paragraph of first article of the law to read as follows: “A closed joint stock company shall be established for recruitment of domestic workers and its profits should not be more than 10 percent of the total cost of hiring domestic workers.”

The same article also states allocating 10 percent of the company’s shares for Kuwait Investment Authority, Public Institution for Social Security, Public Authority for Minority Affairs, Kuwait Airways Corporation or its affiliate companies and 60 percent for the Consumer Cooperative Societies Union.

Source: Arab Times

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