Boursa Kuwait to Continue its Operational Framework in Line with Government Precautionary Measures

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Boursa Kuwait to Continue its Operational Framework in Line with Government Precautionary Measures

Boursa Kuwait has announced that the Capital Markets Authority has allowed the company to continue with its framework for trading operations, which was previously implemented to minimize the negative impact on trading actions and results while ensuring the safety and health of all involved stakeholders in line with the government of Kuwait’s precautionary measures against COVID-19.

Boursa Kuwait has announced that, while Trading Operations will go on as usual with no effect on trading hours, transactions for Transfer of Ownership, Mandatory Executions, Off Market Trades, and Over the Counter Trading (OTC), will continue to be suspended until further notice.

Boursa Kuwait has also been taking all necessary precautions to ensure the safety of all internal and external stakeholders, cancelling all its external meetings, holding them only in cases of extreme emergency. Internal meetings have also been held to a minimum.

Boursa Kuwait will continue to limit the number of employees and utilize the number necessary to conduct basic activities and operations only, as well as activating a system of rotation within essential departments. All other employees will continue working remotely, coming to the premises only if needed.

The company will also continue closing its premises. The public will not be allowed to enter the building during these times.

Boursa Kuwait will continue to take all necessary actions to ensure the best interest of its people and investors.

 

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