CMA Listed Companies Join Boursa Kuwait’s Roadshow in London

Press release

Published April 8th, 2018 - 06:05 GMT

Boursa Kuwait is committed to developing a liquid, reliable and sound capital market providing issuers with efficient access to capital, and investors with diverse return opportunities.

In line with its ongoing efforts to develop the Kuwaiti market to meet international standards and apply best practices to market its top international listed companies to international investors, Boursa Kuwait announced its first roadshow in London, which will take place on Wednesday, 25 April 2018 in cooperation with multinational financial services firm Goldman Sachs. The Capital Markets Authority and eight prestigious companies, including Kuwait Finance House (KFH), Burgan Bank, Zain, Kuwait Projects Company (KIPCO), Mabani, Mizan Holding, and Human Soft will participate in the tour.

Roadshow will include meetings between local companies and international investors with the goal of introducing the international investment community to local Kuwaiti companies, to create a better understanding of their requirements and get their views on the development of the Kuwaiti market.

In accordance with the Kuwait 2035 state vision, spearheaded by His Highness the Amir, Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah and the Kuwait National Development Plan, the tour aims to enhance the economic landscape in Kuwait. Boursa Kuwait is committed to developing a liquid, reliable and sound capital market providing issuers with efficient access to capital, and investors with diverse return opportunities, which will help Boursa Kuwait evolve as a leading regional exchange.

Goldman Sachs is a US multinational financial and investment services firm and is one of the most recognized banking institutions in the United States and the world. It operates in more than 30 countries and has six regional branches, with more than 100 offices and 35,000 employees and more than $850 billion of total assets. The organization specializes in global wealth management, institutional financial services, investment management, mergers and acquisitions, insurance, and asset management, as well as acting as financial intermediaries for corporate, government and individual clients.

Background Information

Boursa Kuwait

Boursa Kuwait was founded on April 21st, 2014 by the Capital Markets Authority Commissioners’ Council Resolution No. 37/2013 dated 20th November, 2013 and the Capital Markets Authority Law No. 7/2010. In addition to being primarily responsible for regulating all aspects of the Kuwaiti capital market, the Capital Markets Authority also has full ownership of Boursa Kuwait, which manages the exchange operations. Boursa Kuwait is responsible for introducing new trading rules, risk management practices, price discovery mechanisms and new technology to ensure that Boursa Kuwait is as robust and secure as possible. The establishment of Boursa Kuwait marked the first step in privatizing the Kuwaiti Stock Exchange, which was founded in 1983.