Share the article
twitter-iconcopy-link-iconprint-icon
share-icon

Reforms put Kuwaiti stocks on investors' radars

Kuwait has fortified its capital markets, with strong supervision, the privatisation of its stock exchange and the introduction of the BK Main 50 Index. However, the coronavirus outbreak may have put a brake on developments. John Everington reports.
Share the article
twitter-iconcopy-link-iconprint-icon
share-icon

The evolution of Kuwait’s capital markets has illustrated the country’s economic transformation of the past 10 years. The country’s stock exchange – the oldest in the Gulf region – received a boost in 2010 with the formation of supervisory and regulatory body, the Capital Markets Authority (CMA), which introduced standards for securities trading more in line with international norms.

A further key step came in 2014, when the CMA established a private company, Boursa Kuwait, to manage exchange operations at the stock exchange. The company gained full operational control of the Kuwait Stock Exchange in 2016, renaming it Boursa Kuwait, and went on to upgrade its infrastructure and business procedures to meet international standards.

To continue reading, join our community and benefit from

  • In-depth coverage across key markets
  • Comments from financial leaders and policymakers worldwide
  • Regional/country bank rankings and awards
Activate your free trial
John Everington is the Middle East and Africa editor. Prior to joining The Banker, John was the deputy business editor of The National in the UAE, and has also worked for Dealreporter, Arab News and The Telegraph. He has also covered the telecom sector in Africa and the Middle East, living and working in Qatar and the UK. John has a BA in Arabic and History and an MA in Middle Eastern Studies from the School of Oriental and African Studies (SOAS) in London.
Read more articles from this author