Latest News
- Court Sentences Bank Employee To 5 Years For Embezzling 100,000...
- Fake ‘Sheikh’ Sentenced To 2-yr As Court Overturns Verdict
- Justice Ministry New Service On The Sahel App
- Ministry Probes 68 Cases Of Illegal Charity, Funds Collection
- Globally, Kuwait Is Among The Top Consumers Of Incense And Oud O...
- Decrease Seen In Foreign Investment
- Kuwait Customs Seized 2 Containers Laden With Tobacco At Shuwaik...
- Unpaid Salaries, Accountant Beaten Up By Workers
- The Sahel App Was Not Hacked, A Spokesman Claims
- Four Expats Arrested For Stealing Copper Cables Worth 60,000 Din...
- Indian National Died In Abdalli Car Accident
- Work Permits And Foreign Worker Transfers Are Amended By PAM
Boursa Kuwait Highlights Capital Market Opportunities In Tokyo
Boursa Kuwait participated in the 22nd Annual Meeting for the Kuwaiti-Japanese Businessmen Committee held in Tokyo, Japan, in line with its ongoing efforts to promote Kuwait’s capital market. Boursa Kuwait’s CEO, Khaled Abdulrazzaq AlKhaled, highlighted the current and emerging investment and partnership opportunities in the country in a key address he delivered at the event.
Khaled Abdulrazzaq AlKhaled, Chief Executive Officer, Boursa Kuwait, said: “Boursa Kuwait has embarked on the next phase of its growth journey, and therefore new investments and collaborations are crucial for the company. Our participation in the 22nd Annual Meeting in Tokyo provided us with a global platform to connect with our potential clients and partners and share insights on our progress in creating a more transparent, modern marketplace among the international investment community. With the objective of delivering on our vision of positioning Boursa Kuwait as a leading regional stock exchange, we will continue to strive to develop a sound capital market, providing issuers with efficient access to capital and investors with diverse return opportunities.”
AlKhaled took the audience on a journey through Kuwait’s history of capital markets that dates back to 1950s, shining a light on key milestones, including the establishment of Kuwait Stock Exchange in 1977, the inception of the Capital Markets Authority in 2010, as well as the privatization of the country’s stock exchange and the subsequent founding of Boursa Kuwait in 2014, among others.
He highlighted that Kuwait’s capital markets stood the test of time, remaining resilient even as it faced challenges arising from geopolitical and economic crises the country had undergone over the years. AlKhaled emphasized that the significant progress Boursa Kuwait made since its inception is testament to its relentless pursuit of excellence through infrastructural upgrades, regulatory reforms, and diversification of offerings.
Achievements
Shedding light on landmark achievements earlier in 2018, such as its inclusion in the FTSE Russell Emerging Markets Index and the launch of a new rulebook, AlKhaled said Boursa Kuwait has entered a new phase of growth. The rulebook helped the company to specify new threetiered market segmentation, consisting of the Premier market, the Main market, and the Auction market, in addition to announcing a new set of Economic Indicators made available through the Boursa Kuwait website, to help individuals, businesses and organizations make more informed financial decisions.
Other landmark achievements include the official launch of Over the Counter Market (OTC), whereby investors can now trade stocks that are not listed, in a highly transparent investment environment, and the company’s very own proprietary digital education portal ‘Boursa Academy Online’, which aims at promoting financial literacy among the general public and particularly stimulate retail investors’ interest in becoming involved in the country’s capital market.
These developments, AlKhaled said, demonstrate the robustness of Boursa Kuwait and stressed that it will continue to broaden issuer as well as investor base and enhance product portfolio, building on the company’s success in a short span of time. He added that Boursa Kuwait has plans to introduce short selling, margin trading, exchange-traded funds, and derivatives. With its well-thought-out roadmap for the future, Boursa Kuwait is headed for a major leap over the next few years and is set to evolve as a vibrant, mature and diversified market. Moreover, the company places significant emphasis on adopting new technologies to embrace international standards in its operations. These prospects offer a promising opportunity for foreign institutional investors to thrive in a fast-growing capital market ecosystem.
SOURCE : ARABTIMES
Trending News
-
Eid Al Fitr 2024: Crescent Moon Not Sighted In Sau...
08 April 2024
-
Kuwait Implements Home Biometrics Services Ahead O...
14 April 2024
-
When Will Eid Al Fitr 2024 Take Place In Qatar, Ba...
08 April 2024
-
On Sunday, The Meteorological Department Warns Of...
07 April 2024
-
Kuwait Airways Provides Update On Flight Schedule...
14 April 2024
-
Kuwait Airways Introduces Convenient Home Luggage...
15 April 2024
-
Gathering For Eid Al-Fitr Prayers: Kuwaiti Citizen...
10 April 2024
-
Winners Of Kuwait National Assembly 2024 Elections
06 April 2024
-
Bay Zero Water Park Kuwait: Summer Season Opens Ei...
11 April 2024
-
An Egyptian Expat Dies At Kuwait's Airport
11 April 2024
Comments Post Comment