Burgan Bank and KIPCO Asset Management Company (KAMCO) announced today the re-opening of the virtual dealing room at Kuwait University. The event was presided over by Mr. Sadoun Ali, Managing Director and Chief Executive Officer at KAMCO, Mr. Raed Al-Haqhaq, Chief Banking Officer - Senior General Manager at Burgan Bank, Dr. Abdulla Eisa Al-Salman, Founder and Head of Financial Trading Center at Kuwait University, as well as business and finance major students.
The attendees toured around the new virtual dealing room, which includes state-of-the-art technology and the latest software used for financial trading and office furniture, all combined in a dynamic and vibrant ambience that provides a flexible and interesting educational environment for students. The dealing room also offers students a working virtual platform to explore all of the intricacies of trading, such as foreign exchange, derivatives, interest rate futures, fixed income instruments and equities. The initiative marks the transfer of knowledge between Burgan Bank, as well as KAMCO, where their technical and financial analysts will serve as instructors for specific modules at the dealing room.
Mr. Raed Al-Haqhaq, Chief Banking Officer - Senior General Manager at Burgan Bank, said: “The stock market in Kuwait and the financial markets of the region have witnessed unprecedented activity, which makes it necessary for the future investors to understand the fundamentals of the markets and sound trading and investment strategies.”
“We are glad to become part of this unique project, which aims at providing students with the necessary know-how of trading in financial markets, a component that is considered the backbone of the country’s economic activity,” added Al-Haqhaq.
Mr. Sadoun Ali, Managing Director and Chief Executive Officer at KAMCO said: “The KAMCO-Burgan Bank Dealing Room aspires to educate the students with the fundamentals of trading in financial markets, which comes to represent a big part in the economic activity of a country and its welfare”.
“The stock market in Kuwait and the financial markets of the region witnessed a fluctuating activity during the past few years, which makes it necessary for an investor to understand the fundamentals of the markets and sound investment strategies and we believe that this project will be a great corner stone for the students’ educational process giving them an important tool to use in that field and preparing them for a suitable business environment after graduating,” added Mr. Ali.