Title: Press Release: The Capital Markets Authority Implements “CMA’s Pioneers” Initiative

Kuwait, September 2, 2024 – Following the announcement on August 19 of  “The Capital Markets Authority’s Pioneers” initiative, which aims to provide employees with  internal training programs to support them during the transitional phase between  their professional lives and post-retirement, the CMA announced today its implementation of this innovative initiative.

As previously mentioned, the initiative is designed to prepare CMA’s employees, particularly those nearing the end of their careers, year after year, for the new phases of their personal lives. These phases are often marked by significant changes and challenges, ranging from financial planning to address the needs of this phase and managing its economic, social, health, and psychological impacts, to coping with a new lifestyle and utilizing the additional free time to achieve personal goals that were not attainable during their professional lives. In addition, the initiative aims to enable the labor market in various sectors  to continue benefitting from the experience of these individuals as a valuable national resource, recognizing their significant role in society.

The CMA has begun preparations for this initiative, which focuses on the pre-retirement preparation programs and spans three months. These programs are divided into three types that can be implemented simultaneously, either fully or partially, depending on the retiree’s needs and preferences . Each type has its unique nature and objectives.

The first step includes courses for psychological and social qualification in coordination with other national entities, public benefit associations, and civil society institutions, and financial qualification in partnership with specialized financial institutions.

The second type encompasses programs for health qualification, future planning, and capital development through joint efforts between relevant organizational units within the CMA and external entities.

The third and final type is more specialized and targets retirees’ participation in specific  training programs directly related to their future goals, such as preparation for entering the investment world in general, investing in securities activities or qualifying to establish a private company, or small or medium-sized project.

Given the CMA’s active role in all these programs, this falls within its efforts to strengthen its communication with employees after the end of their service.

The second phase of the initiative will address post-retirement phases and it is expected to focus on aspects that enhances retirees’ community participation and maintain their connection with the CMA as well, in addition to completing the aforementioned programs.

In this context, it is worth noting the CMA’s plan to launch a special page for the initiative on its website, in line with the progress of its implementation in various paths. It is expected to include all information related to the initiative and its training programs.

In conclusion, through the Capital Markets Authority’s announcement of the implementation of its initiative “The Capital Markets Authority’s Pioneers” in its first year, it hopes that it coincides with its desired success and contributes effectively to succeed its directives related to strengthening its ties with its employees beyond their professional lives and supporting them in establishing new phases. of their personal lives.

For detailed overview of initiative’s phases, please refer to the attached document.

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'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

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