KUWAIT: Boursa Kuwait attended the 59th General Assembly and annual meeting of the World Federation of Exchanges (WFE), the trade association of publically regulated exchanges. The event, held in Singapore from October 8 to 10, 2019, marked Boursa Kuwait's first participation after receiving a unanimous vote to become a full-fledged member of the federation in October 2018.
Boursa Kuwait's Director of Marketing and Communication, Naser M Al-Sanousi, represented Boursa Kuwait in the General Assembly and annual meeting and contributed to the panel discussions with his peers and colleagues across the global investment community. Al-Sanousi participated in the election of the Board of Directors for the Americas and Asia Pacific region during the General Assembly meeting.
Speaking on behalf of Boursa Kuwait, Al-Sanousi said, "I am pleased to be representing Boursa Kuwait at the General Assembly and annual meeting of the World Federation of Exchanges. I am proud to be here after the unanimous decision of the exchange community to grant Boursa Kuwait a full-fledged membership, which is a testament to the hard work we have put in during the past two years to develop the exchange, ease access and increase transparency and efficiency. Our participation in these events proves that we enjoy a sterling reputation in the international community, and I have no doubt that this will reflect well on the Kuwaiti capital market."
Boursa Kuwait's representatives also visited the Singapore Exchange in an effort to exchange information and expertise, discuss the current global exchange scene, Boursa Kuwait's reforms and developments as well as recent upgrades that placed Boursa Kuwait on the global investment map.
This marks another milestone on the Kuwaiti exchange's path towards further strengthening integration with global financial markets and benefitting from knowledge exchange with its peers. Over the last two years, Boursa Kuwait has worked valiantly to improve the local capital market and develop a liquid, reliable and sound exchange that provides issuers with efficient access to capital and investors with diverse return opportunities. These efforts will further strengthen Boursa Kuwait's position both regionally and internationally. The recent achievements further demonstrate that Kuwait is developing into a safe haven in the region with imminent further upgrades.