Business

Boursa Kuwait was an active participant in the Capital Markets Authority's third yearly conference, labelled titled Capital Markets and Institutional Sustainability. The event occurred on Thursday, March 22, 2018, at the Jaber Al-Ahmad Cultural Center, where Boursa Kuwait's CEO, Khaled Abdulrazzaq Al Khaled, was just one of the panelist in a panel conversation on the effect of reclassifying the Kuwaiti market as a second emerging market by FTSE Russell.

The conference forms part of the initiatives of the Capital Market Authority to highlight important issues related to the state of the local resources market and to review the current growths related to the role of regulators.

Mr. Al Khaled spoke about the value of favorable market classification and its anticipated influence. He likewise underscored that derivatives are mosting likely to play a vital duty in the effective development of the Kuwaiti market, as their introduction will certainly increase the need for local protections by sophisticated investors. In addition, the CEO highlighted the benefits of having a diverse investor base and introduced some of the campaigns the stock exchange has been servicing which are targeted at improving market liquidity.

Speaking at a panel with Mr. Gary Rynhoud, Director of Middle East and Africa at FTSE Russell and Mr. Faisal Abdullatif AlHamad, Chief Executive Officer of NBK Resources, Mr. Al Khaled said, "Kuwait's category as a secondary emerging market puts the Boursa Kuwait and the locally noted business on the map for institutional financiers, which will normally increase market liquidity offered the allotment that easy funds are most likely to be releasing in the direction of. We are proud to see that our efforts in transforming the Kuwaiti stock exchange and creating the right facilities have actually begun to pay off. I am confident we are leading the way for more progress that a person day will place Kuwait in the rankings of developed markets."

Boursa Kuwait's involvement in the 3 rd annual CMA conference is in line with its vision to create a liquid, trustworthy and sound capital market supplying providers with efficient accessibility to resources, and investors with diverse return opportunities, which will assist Boursa Kuwait advance as a top regional exchange. Considering that its official licensing in October 2016 by the Funding Market

Authority, Boursa Kuwait has been dedicated to developing and running an efficient, reasonable and transparent resources market platform that services all appropriate asset courses, whilst focusing on clients' rate of interests. Its method focuses on establishing the overall market status and resolving the needs of market participants through the provision of investment tools, reorganizing the market to increase its competitiveness and liquidity, and drawing in financial investments from local and international investors.

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