Title: Press Release: An Awareness Workshop on Sustainable Finance and its Implications on the Listed Companies on the Exchange

Kuwait – May 18, 2023, Within the framework of the Capital Markets Authority’s (CMA) pursuit to adopt and implement the best international practices to develop the capital markets in the State of Kuwait, and strengthen the principles of sustainability that contribute to raise the efficiency of the market and achieve the aspirations of all types of investors pursuant to Law No. 7 of 2010 and its Executive Bylaws, the CMA has held an internal workshop in its headquarter for the purpose of raising the awareness of sustainable finance topics (ESG) and their implications on the listed companies in the Exchange. It was presented by some specialists in the field of sustainability from RSM Albazie & Company. This workshop discussed the definition of (ESG) and the regulations and international standards of sustainability as well as the most prominent standards of its relevant reports, in addition to discussing the sustainability standard developed by (IFRS) and other topics.

Moreover, it is worth mentioning that the CMA aims to hold awareness workshops for the public traders at Boursa Kuwait Securities Exchange in cooperation with the concerned parties and sustainability experts for the purpose of raising awareness of listed companies and licensed companies of the regulatory requirements in this matter, in addition to raising awareness of the public investors of the topics relevant to sustainable finance.

In conclusion, the CMA is working continuously on raising the awareness internally and externally through reviewing the best standards and practices within the fields of capital markets’ regulation. The CMA also seizes this opportunity to thank RSM Albazie & Company on their initiative to present this workshop and discuss sustainable finance topics (ESG).

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Notes to Editors:
The Capital Markets Authority was established pursuant to Law No. 7/2010, approved by the Kuwaiti Parliament in February 2010. Pursuant to the Law, the CMA shall regulate and supervise the securities activities, achieve transparency and fairness, observe listed companies’ execution of Corporate Governance regulations, and protect investors from unfair practices which violate the CMA's Law.
Furthermore, the Law's provisions stipulate the supervision of mergers, acquisitions, and disclosure operations. The CMA also aims to provide awareness programs related to securities activities.
For further information, please contact:
Public Relations & Media Office
Tel: 22903062
Fax: 22903505
Email: pr-media@cma.gov.kw