CMA LAW: Press Release: The Capital Markets Authority Completes the Second Phase of its Fourth Strategy Preparation

Kuwait, 17 December 2025 – The Capital Markets Authority (CMA) announces the completion of the second phase of its fourth strategy’s preparation phases, represented by drafting its strategic directions for the upcoming phase in the financial years (2027/2028-2030/2031).

This achievement fulfills the CMA’s efforts led by Mr. Emad Ahmed Tifouni – Chairman of the CMA’s Boad of Commissioners and the Board Members. The strategy’s preparation phases are implemented by specialized internal team from the CMA’s cadres in a high level of professionalism through following the leading practices of strategic planning in line with CMA’s approved model of this framework.

Moreover, the second phase resulted in determining the main directions and pillars that reflect the CMA’s priorities for the coming phase and meet the needs of persons that practice securities activities, such as:

• Developing the capital market through enhancing its growth and diversifying its instruments, and therefore enhancing the efficiency and effectiveness of the overall capital markets system.
• Enhancing the attractiveness and position of the Kuwaiti financial market both regionally and internationally.
• Enabling innovation in the financial services technologies within securities activities.
• Enhancing financial awareness to reach a more diversified and sustainable investment environment.
• Accelerating digital transformation and employing new technologies in the CMA’s services and operations for more seamless and efficient services.
• Achieving institutional sustainability through developing the internal governance and the optimal investment in CMA’s abilities and resources.

It is worth noting that the aforementioned directions are the outcome of the first phase of the strategy preparation phases, which included an evaluation of the current condition, opinion poll of the persons of interest locally and internationally, and employing the strategic analysis instruments, in order to determine five main directions that represented the main pillars of those directions, which are:

• The alignment of the plan’s directions with CMA’s roles and tasks derived from Law No. 7 of 2010 Regarding the Establishment Markets Authority and Regulating Securities Activities and its Executive Bylaws and their amendments.
• The consistency with the objectives and principles of IOSCO.
• The compliance with Kuwait Vision 2035 and its development plan.
• Recognizing and meeting the needs of the persons of interests: internals and externals.
• The effective contribution in upgrading the ranking of the State of Kuwait in the international indices related to capital markets.

As the second phase is completed, the CMA is on the threshold of completing the readiness of its fourth strategy, of which the coming phase is expected to witness the preparation of the implementation plans and enablers, which will translate such directions into achievable initiatives and detailed plans. As such, the CMA will be in its full readiness to start implementing its new strategy immediately after the end of its current strategy (third) that will extend until the end of the financial year (2026/2027), with a completion rate of (74%) by the end of the current financial year (2025/2026) for the total sub-initiatives (122 initiatives) and the projects and development work included therein.

Finally, as the CMA announces the completion of the second phase of the preparation of its fourth strategy, it confirms its full compliance with the highest practices of institutional planning which ensures the direction of its resources effectively and efficiently, enhances its role in regulating and developing the capital market, and supports the national economy in line with Kuwait Vision 2035.

At the same time, the CMA emphasizes on its permanent pursuit to keep pace with the applicable international standards and adopt the latest advanced practices related to the work of capital markets, in compliance with the Country’s development plans and based on its vital role in contributing to develop the national economy.

Ends-
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:
Awareness and Public Relations and Communication Office
Tel: 1888898
Email: pr-media@cma.gov.kw

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