KUWAIT: Boursa Kuwait organized a virtual Corporate Day in collaboration with Morgan Stanley, one of the largest banking and financial services institutions in the world, from 18 until 19 November 2020. The conference, held virtually because of the spread of the coronavirus pandemic, was to highlight Boursa Kuwait’s recent developments, milestones, financial information and business outlook to prospective investors.
The virtual event brought the recently listed exchange in contact with investors from the United States, Europe and Asia, who were keen to find out the latest developments of the first stock exchange in the region fully owned by the private sector. Representatives from the company showcased its financial data and reviewed the company’s plans to develop a more transparent and solvent capital market through the implementation of a group of enhancements and regulatory projects as well as the technology to raise the capital market’s profile locally, regionally and around the world.
Commenting on the event, Boursa Kuwait’s Chief Financial Officer, Naim Azad Din, said, “Through our continuous efforts to achieve operational excellence and best in class international standards, Boursa Kuwait hopes to continue to set examples for companies, either those that are already listed or those that are looking to list on our markets. We aim towards demonstrating the ongoing value and efficiency of the company, and that the company leads a progressive operation in line with dynamic world-class standards and best practices with ample room for growth and expansion.”
He added: “As one of Kuwait’s key financial institutions, we have been mindful of taking the necessary and feasible measures since the outbreak of the pandemic to ensure the continuity of our business and our relationships with our many esteemed partners. We are pleased to partner with Morgan Stanley for this event, and I would like to thank the participants for helping make this event a success and a fitting introduction for Boursa Kuwait as a prominent listed entity.”
Boursa Kuwait’s Head of Markets Noura Al-Abdulkareem also commented on the occasion, saying, “Boursa Kuwait continues to work towards strengthening the infrastructure and operational model to attract investments from international investors and highlight the unique investment opportunities that the company has to offer for all market participants.
The company is cognizant of its role, as the engine of growth and development, in the promotion of the Kuwaiti capital market to Emerging Market status in the world’s leading index providers, culminating in its inclusion in the MSCI Emerging Markets Index at the end of the month.” Boursa Kuwait’s series of Corporate Days showcases some of the standout listed companies and the investment opportunities that reside in the Kuwaiti capital market.
Putting these companies in touch with some of the world’s leading investment firms and financial institutions, the events aim to highlight these companies’ financial health and business strategies and outlooks helping investors gain an in-depth understanding of the benefits and opportunities of investing in Kuwaiti companies.
Since its inception, Boursa Kuwait has worked diligently 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. Over the past three years, the company has rolled out numerous market reforms and new initiatives as part of its comprehensive multi-phase market development (MD) plans.