Kuwait Court of Cassation principle number 1015

Property acquires public status directly or indirectly. Article 2 of Law 1/1993 concerning the Protection of Public Funds. - The direct form: applies to property owned by the State, public authorities, public institutions, and companies and establishments in whose capital the foregoing entities hold a share of not less than 25%. - The indirect form: applies to property owned by companies and establishments in which a 25% share is held by a company or group of companies or establishments in whose capital the State, public authorities, public institutions, or other public legal persons hold some share. Example.