Kuwait National Petroleum Company (KNPC) has denied offering shares for trading, warning social media users not to believe in some “dubious” online advertisements illegally using the company’s name.
Speaking to KUNA, the company’s Deputy CEO for Administrative and Commercial Affairs and Official Spokesman Ahed Al-Khrayef said unknown entities have recently posted ads inviting investment and profiting by buying the company’s stakes.
“These ads are totally divorced from reality, and the company has nothing to do whatsoever with these ads,” he affirmed, underling that the KNPC is fully state-owned and its shares are not for sale.
He cautioned that the company would take legal action against those involved in such ads only to safeguard its rights and to protect people from such lies.