Boursa Kuwait highlights new opportunities for foreign investors in the Kuwaiti capital market
Fourth international Corporate Day of Boursa Kuwait was hosted at Dubais Financial District in collaboration with globally renowned investment firm Morgan Stanley, on November 7. In this event ten listed Kuwaiti companies brought together with over 20 of the worlds leading investment firms. Boursa Kuwait also highlighted recent milestones in the development of the Kuwaiti capital market.
The listed Kuwaiti companies came from several sectors, including telecom, banking, industrials and consumer goods, financial services, holding over 150 meetings with institutional investors and asset management firms including mutual funds, commercial banks, pension funds, insurance firms and hedge funds, . This offer deeper insights into the business strategy, financial performance and outlook of the publically traded companies, in-depth understanding of the benefits and opportunities of investing in the Kuwaiti companies was gained by one-on-one and group meetings enabled with the international investors.
In separate discussions, Boursa Kuwait also spoke about its recent achievements in developing a more transparent, liquid and easy to access capital market, and also highlighted Kuwaits recent upgrades in some of the worlds leading indices. Recently advanced frontier status of the Kuwaiti capital market to an Emerging Market by both FTSE Russell and S&P Dow Jones, along with a conditional approval on its inclusion in the MSCI Emerging Markets Index.
Mohammed Al-Osaimi, the Chief Executive Officer at Boursa Kuwait, commented on the event that: We are pleased that our fourth Corporate Day was a booming success with remarkable participation from several investors and some of our leading listed companies, this allowed us to raise awareness about the opportunities awaiting in the Kuwaiti equity market. The implementation of best practices by us had undertaken an ambitious strategy to enhance the attractiveness of the market and we have started to see the results of our unrelenting commitment to enhancing market access and improving investor value propositions, efficiency, and protecting both issuers and investors rights through various initiatives, and also including the inclusion of the country in leading indices, the establishment of strong regulatory, legal and corporate governance frameworks, and the introduction of robust accounting and reporting standards..
Boursa Kuwait further strengthened its reputation as a thriving investment platform for issuers, investors, and other market participants alike, by introducing wide-ranging strategic market development initiatives together with the Kuwait Clearing Company (KCC) and Capital Markets Authority (CMA). The recent regulatory, legal and operational reforms have led to increased liquidity, significant improvements and strong investor confidence in the accessibility level of the countrys equity market for international institutional investors.
Boursa Kuwaits Corporate Day is the latest in a series of events organized with the aim of promoting the Kuwaiti market to regional and international investors, hosting similar events in London and Dubai during the past. The company has also participated in several corporate days, conferences and roadshows in the region, the United Kingdom, the United States, as well as several Asian nations.
For more information, please visit the Boursa Kuwait website at: https://www.boursakuwait.com.kw/
