LLC shares may only be traded under the law's provisions; a transfer is made by a written instrument, and the other partners have a right of pre-emption to take back the shares on the same terms if the transfer is to a non-partner (art. 99).
Where the transfer is to a non-partner, the other partners' approval must be obtained. If it cannot be obtained, the transfer terms must be published in the Official Gazette; if fifteen days pass without a partner applying to the Ministry to exercise the pre-emption right, the transferor may dispose of his share (art. 100). If more than one partner exercises the right, the share is divided among them in proportion to each one's holding (art. 100).
A pre-emption request is disregarded unless accompanied by a certified cheque in the transferor's name for the full share value (art. 100). The contract is amended by an official instrument signed by the transferor and transferee, without needing the other partners' signatures (art. 100). The transfer has no effect toward partners or third parties until registration (art. 100).
This is general legal information, not legal advice. For advice on your specific situation, consult a lawyer licensed in Kuwait.