December 2019
5
exchanging presents with the general director of
the hosting Exchange Musat Securities Market.
Feas secretary general gives feas membership certificates.
Feas secretary general gives feas membership certificates.
Boursa Kuwait has a deep conviction that visibility is a pivotal market driver set to
reaffirm the investors’ informed decisions. In order to improve such a driver, Boursa
Kuwait supplies investors with quarterly and annual updates of e-income statements,
balance sheets, cash flow statements and financial ratios, as well as daily updates on a
number of ratios according to closing price, and charting and comparability capabilities
through its many partners.
Boursa Kuwait has also been active with regional and international roadshows and
corporate days, raising awareness about emerging investment opportunities in the
Kuwaiti capital market while showcasing its attractive and diverse issuer base as well as
the recent milestones in its market development journey.
3. In what ways can Boursa Kuwait encourage further diversification of issuers and local investors?
- Boursa Kuwait is keen to diversify and develop its product portfolio in line with
international standards, taking solid steps towards continuously introducing new
products and services that address market and investor needs as well as reflecting the
pace at which Boursa Kuwait is operating and rolling out its market developments and elevating market offerings. Driven by its market development strategy, the stock
exchange is focused on infrastructural upgrades, regulatory reforms and the
diversification of offerings in a bid to improve the business environment, and expand its
issuer and investor bases.
Changes in listing requirements have helped encourage more companies to list. The free
float amount is now a fixed number, which aims to solve the previously ‘unattractive’
issuers’ base for family businesses and government entities, while the increase of total
shareholders helps address liquidity. New requirements for profitability, whereby listed
companies no longer need to show 5% of paid-up capital or 75% revenue from the
operation, just proof of operations from certified auditors, gave market participants the
opportunity to invest in newly established companies and startups.
4. What are the next steps for Boursa Kuwait and the development of the Kuwaiti capital market?
- Phases 3.2 and 4 of our Market Development plan, which we hope to launch in the next
few years, and are working with our partners in the Capital Markets Authority and the
Kuwait Clearing Company to finalize, will feature derivatives. Over the past few years, we
have made a substantial difference at the company and we continue to pioneer this journey of growth and raise the profile of the stock market regionally and internationally. We are constantly expanding our portfolio with products and services such as intentional crossing orders and omnibus accounts and offering more promising investment opportunities to increase market liquidity. At Boursa Kuwait, we strive to contribute to the development of Kuwait&'s economy and participate in the achievement of the country's development goals.