Following the implementation of a new law requiring pharmacies attached to coops or in its vicinity to be owned and operated by Kuwaiti pharmacists, the Kuwait Union for Consumer Cooperative Societies (KUCCS) has announced it would protest the new law by shutting down the pharmacies on its property.
Chairman of KUCCS Meshaal Al-Sayyar said the Union holds the view that the new law marginalizes the role played by coops in providing pharmaceuticals to citizens and residents. announced co-ops had closed their pharmacies in protest over the new pharmacies law, which they deem as marginalizing the role played by co-ops. Nearly all the pharmacies attached to cooperative societies are operated by expatriates.
Speaking after a meeting with the heads of several cooperative societies in the country, Al-Sayyar condemned the new law saying that it had been implemented to benefit around 70 Kuwaiti pharmacists at the expense of the nearly 800 citizens holding shares in coops.
He pointed out that the coops and pharmaceutical companies had invested in the pharmacies operating in coops and they were a steady source of good income to the societies and shareholders. The new law would allow Kuwaiti pharmacy operators to do business by only paying a monthly rent to the cooperative societies
Read Today's News TODAY... on our Telegram Channel click here to join and receive all the latest updates t.me/thetimeskuwait
