Business

Kuwait-- 18 January 2017: Boursa Kuwait is proud to introduce that it has actually been accorded the main subscription to sign up with the International Funding Market Organization (ICMA) on 1 January 2017

Talking about this occasion, Boursa Kuwait Vice Chairman and Chief Executive Officer, Mr. Khaled Abdulrazzaq AlKhaled claimed in a press declaration that: "Signing up with the ICMA is a major action for Boursa Kuwait. This places us on the international map as contributors to the resources market all at once and as active individuals in shaping the future of the Kuwaiti market via dialogues on the global best techniques."

Mr. AlKhaled included:" To be part of a global community with accessibility to a pool of expert specialist market knowledge will maintain us frequently informed of trends and developments in the industry that could only be advantageous to our nationwide economic situation. Along with that, Boursa Kuwait will add to an effective dialogue with the regulatory authorities and the exchange members alike."

ICMA is a worldwide subscription association which currently has more than 500 members located in roughly 60 countries. The ICMA seeks to promote resilient and well-functioning global financial obligation capital markets.

It is worth keeping in mind that the ICMA works in order to help construct rely on the industry by advertising globally accepted requirements of market technique via the development of appropriate, industry approved, guidelines, policies, recommendations and common documents, to preserve and enhance the framework of cross border issuing, trading and investing in the red instruments. It likewise brings all sections of the industry with each other both the buy side and offer side, and urges the issuance of economic laws which advertise the durability, efficiency and expense performance of global financial debt capital markets.

For more details about Boursa Kuwait, please see their site at: boursakuwait.com.kw

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