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March 31, 2020
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Boursa Kuwait

Boursa Kuwait Successfully Concludes its Roadshow in New York and Boston
Boursa Kuwait
Posted: Monday, 9 Dec 2019

Building on its ongoing efforts to support the Kuwaiti capital market, the Capital Markets Authority and Boursa Kuwait organized a promotional roadshow in the American cities of New York and Boston, targeting the key asset management firms that invest in emerging markets. The two-day event sought to highlight current and future investment opportunities in the Kuwaiti capital market. The visit seeks to attract more foreign investment to the market, as well as gain knowledge about the firms’ investment experience in Kuwait and further discuss the Kuwaiti capital market’s development journey, which culminated in the privatization of the bourse to become the first privately owned exchange in the Middle East. Commenting on these meetings, Boursa Kuwait CEO Mohammed Al Osaimi said, “Through this roadshow, we sought new opportunities for collaboration with the investment community and attracting foreign investment through highlighting the recent developments at Boursa Kuwait and in the local capital market and the many opportunities available to international investment intuitions in Kuwait. This helps elevate the status of the market and allows it to contribute to the economic growth of Kuwait through international best-in-class practices. This exhibition has also helped us identify the needs of many world-renowned asset management firms, which we will feasibly study to make sure they can be properly implemented in the Kuwaiti capital market. We at Boursa Kuwait are committed to improving market access and efficiency, enhancing transparency and governance, increasing liquidity and strengthening investor confidence.” The roadshow also shed light on the role played by the bourse, with the unlimited help and support of the CMA and the Kuwait Clearing Company (KCC), in developing the Kuwaiti capital market in general and Boursa Kuwait in particular and supplying the market with the necessary tools, services and trading systems to elevate its status to international standards, which led to expanding the products and services offered, creating an attractive investment platform, as well as diversifying the investor and issuer base, improving many rules and regulations to accommodate the needs of the market, strengthening the market infrastructure and increasing its liquidity. It’s worth noting that Kuwait was recently reclassified by the world’s leading stock market indices, which is a testament to the efforts of Boursa Kuwait in creating an easy-to-access, transparent market with increased liquidity and investor confidence. FTSE Russell reclassified Kuwait as an Emerging Market in 2017, while S&P DJI included Kuwait in its Emerging Market index in 2018. Conditional approval of Kuwait as an emerging market was granted by MSCI, Inc. in June of 2019, with a final decision expected to be announced at the end of December. For more information on Boursa Kuwait’s initiatives and latest updates, please visit www.boursakuwait.com.
 
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