Boursa Kuwait Officially Assumes Responsibility for Kuwait Stock Exchange Operations

Boursa Kuwait Officially Assumes Responsibility for Kuwait Stock Exchange Operations

Boursa Kuwait officially assumed responsibility for the management of the Kuwait Stock Exchange (KSE)’s operations on the 25th of April when the Capital Markets Authority (CMA) transferred responsibility. The hand-over followed the implementation of a detailed operational plan and strategic roadmap to ensure the smooth transition of stock market operations.  
 
Vice Chairman and CEO Boursa Kuwait, Khaled Abdulrazzaq AlKhaled said at the time: “Boursa Kuwait embarks on a journey that aims to progressively transition the stock market operations to a regionally competitive exchange, operating to world class standards, while driving transparency, efficiency and accessibility.
 
“The transition of KSE’s operations to a private company, which we plan to complete during 2016, is a key milestone in the history of Kuwait’s economy.  Embracing the private sector has long been an objective of the State of Kuwait and here we are today, marking the start of a new era for one of the state’s most important facilities. Since its inception, Kuwait’s stock exchange was known as a key driver of the nation’s economy.  In recent years the exchange has seen a decline but now it is time for the Kuwait stock exchange to again resume that pioneering role and today is the first step towards achieving that.”

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