CmaBoardReleases
Title: Press Release: The Capital Markets Authority participates in the HSBC Forum for the Middle East, North Africa, and Turkey
Kuwait, March 6, 2024 - In continuation of the CMA’s efforts to attract foreign investors and its endeavor to comply with best international practices, the CMA - with the participation of the Kuwait Clearing Company - held a series of meetings with major foreign investment institutions and international investment banks as part of its participation in the 2024 HSBC Forum for the Middle East, North Africa and Turkey, which was held in Dubai , United Arab Emirates at the end of last February.
In these meetings, the CMA introduced the capital market system and discussed with some parties interested in investing in the Kuwaiti market and offering some products. The latest developments related to the project to develop the capital market system were reviewed, especially the examinations that are being conducted in preparation for launching the central broker and forming a separate entity to perform this role by Kuwait Clearing Company. The CMA also received several proposals and inquiries during these meetings regarding the investment environment in the region and the application of similar models in Kuwait.
The forum also included many workshops and discussion panels with the participation of various parties from securities exchanges, clearing agencies, regulatory bodies and investment banks to discuss the most prominent financial market projects being implemented in the region, in addition to discussing the most important issues and developments in these markets.
In conclusion, the Capital Markets Authority confirms its keenness to develop the financial markets and diversify and develop its investment tools, while striving to be in line with internation best practices, by communicating with international investment bodies to get their comments and suggestions, especially after Kuwait’s amalgamation to the global emerging markets indices in recent years, in addition to the CMA’s endeavor to attract global investors and the resulting diversification of the investor base and raising for market efficiency.
Ends-
Notes to Editors:
The Capital Markets Authority (CMA) of Kuwait was established pursuant to Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, and its amendments, approved by the Kuwaiti Parliament in February 2010. Under this Law, the CMA regulates and supervises securities activities, ensures transparency, fairness, efficiency, and observes listed companies’ implementation of Corporate Governance regulations. The CMA also protects investors from unfair practices and violations of the CMA's Law.
Furthermore, the Law stipulates the supervision of mergers, acquisitions, and disclosure operations. The CMA also aims to provide awareness programs pertaining to securities activities.
For further information, please contact:
Public Relations & Media Office
Tel: 22903062
Fax: 22903505
Email: pr-media@cma.gov.kw
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