Kuwait Times, Thursday October 22, 2020 / 5 , Rabi' al-awwal , 1442
Boursa Kuwait stresses commitment to driving growth in Kuwait financial sector
Kuwait:
Boursa Kuwait participated in the IFN Kuwait OnAir Forum 2020,
highlighting the company’s ongoing commitment to contribute to the growth and
development of Kuwait’s capital markets and its wider economy. Boursa Kuwait’s
Head of Markets Sector, Noura Al-Abdulkareem, was invited as a speaker on a
panel, entitled “Funding, Infrastructure, Capital Markets and Responsible
Finance Initiatives in Kuwait” on Tuesday, October 20, the second day of the
two-day virtual forum.
The IFN Kuwait Forum, organized by REDMoney Group, provides market participants
with an opportunity to come together and discuss how to advance and develop the
financial services industry in Kuwait. The sessions enabled participants to
share in-depth analysis, experiences, information and views and allowed market
players and regulators to provide bi-lateral feedback and suggestions on how the
industry can be taken forward as well as what steps should be taken by
regulators and how market players can assist.
Speaking on the panel, Al-Abdulkareem shed light on major Boursa Kuwait
initiatives that have given the company a key role as the engine of growth and
development in the Kuwaiti capital market and helped cement its reputation as a
leading stock exchange in the Middle East.
“As a vital player in Kuwait’s economy, Boursa Kuwait has made remarkable
contributions toward driving growth and development in the domestic financial
sector, successfully executing multi-phase market development plans over the
years. Our efforts have yielded milestone achievements that include the
privatization and listing of the company, the inclusion of Kuwait in the
emerging market indices of leading index providers, an array of investment
products and services, the rollout of wide-ranging regulatory reforms, as well
as initiatives aimed at adding new asset classes, with an overarching objective
of creating a robust capital markets ecosystem in the country,” said Al-Abdulkareem.
“The IFN Kuwait OnAir Forum 2020 provided us an excellent platform to highlight
Boursa Kuwait’s outstanding accomplishments that enabled us to transform Kuwait
into an attractive investment destination that offers promising opportunities
for both individual and institutional investors as well as all capital market
stakeholders. The event also afforded us a valuable opportunity to gain deeper
insights into emerging trends in the financial sector and customer needs,” she
added.
Andrew Tebbutt, Managing Director of REDmoney Group commented on the
participation of Boursa Kuwait in the forum, saying: “We are delighted that
Boursa Kuwait participated in our forum and thank. Al-Abdulkareem for her great
contribution towards making it a tremendously successful event with over 250
viewers over two days. Boursa Kuwait has been playing a role in the advancement
of the finance sector in Kuwait and we felt that its experience over the past
few years would be a great example to highlight to industry stakeholders.”
Boursa Kuwait’s participation in the conferences and forums of prominent
international organizations comes within the framework of its goal to strengthen
its position as a leader in the financial markets sector. The company is also
committed to participating in these events and conferences to gain experience
and knowledge and promote the Kuwaiti capital market to international investment
institutions.
Since its inception, Boursa Kuwait has worked effortlessly to create a credible
exchange built on efficiency and transparency, creating a liquid capital market,
a progressive exchange platform and developing a comprehensive set of reforms
and enhancements that has allowed it to compete on an international level. The
company has rolled out numerous market reforms and new initiatives over the past
three years as part of its comprehensive multi-phase market development (MD)
plans, and is currently working towards launching new products including margin
trading, tradable rights issue, fixed income bonds and Sukuk, as well as
exchange-traded funds (ETFs).