Boursa Kuwait receives recognition for institutional sustainability commitment
KUWAIT CITY, Jan 30: The Boursa Kuwait has been honored for its commitment to institutional sustainability and for its dedicated operations in collaboration with local and international organizations, reports Al-Qabas daily.
Boursa Kuwait remains dedicated to giving back to society and contributing to a better future through sustained efforts in social responsibility and sustainable development. The stock exchange actively addresses critical social issues such as education, healthcare, and environmental preservation, showcasing a comprehensive and diverse approach towards societal responsibility and commitment to service.
Nasser Mishari Al-Sanousi, Head of the Marketing and Corporate Communications Department at Boursa Kuwait, praises the company’s commitment to corporate sustainability principles.
He highlights Boursa Kuwait’s receipt of prestigious awards from global magazines and publications, underscoring the significance the company places on institutional sustainability and environmental responsibility.
The stock exchange has achieved Leadership in Energy and Environmental Design (LEED) Gold certification for its building, a notable accomplishment signifying its dedication to responsible and sustainable development.
The certification, awarded by the US Green Building Council, acknowledges the efficiency of energy use, water conservation, waste treatment, and overall environmental performance within the building.
In collaboration with the Middle East Investor Relations Association, Boursa Kuwait continues to enhance the investor relations sector and promote international best practices in corporate governance within the Kuwaiti capital market.
Mohammed Saud Al-Osaimi, the stock exchange’s CEO, emphasizes the importance of developing human resources, especially in the finance and capital markets industry.
Boursa Kuwait is honored with two awards at the third annual Sustainable Finance Awards by Global Finance magazine. Recognized for exceptional achievements in social responsibility and sustainability projects, Boursa Kuwait receives the “Distinguished Financial Leadership in Sustainable Communities Award in the Middle East for 2023” and the “Leadership in Sustainability Transparency in the Middle East for 2023” award.
The Kuwait Stock Exchange awarded the “Best Sustainable Corporate Governance in Kuwait” for 2023 by The European magazine, highlighting its commitment to sustainability and responsible corporate governance.
Boursa Kuwait maintains consistent communication with the global investment community, ensuring their needs for the Kuwaiti capital market are met. The stock exchange focuses on adopting international standards, emphasizing transparency, and facilitating ease of access for investors, particularly in the elite “Premier Market.”
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KUWAIT CITY: From the end of February onwards, the Kuwait Stock Exchange has outlined a schedule of 12 reviews spanning three global indices -- Morgan Stanley, FTSE Russell, and Standard & Poor’s -- throughout the current year, reports Al-Jarida daily.
These reviews hold the potential to attract additional foreign liquidity or witness liquidity exits, thereby impacting market weights and the positioning of listed companies.
Each of the three global indices will undergo four reviews, and specific dates for decision announcements and implementation have been outlined.
It is worth noting that approvals for upgrades on Fridays, recognized as trading days in global markets, will be applied in Kuwait on the last trading day of the same week, which falls on the preceding Thursday.
Investor interest is particularly heightened for FTSE Russell’s announcement scheduled for August. This announcement is expected to unveil the annual review of markets eligible for the Advanced Emerging Markets Club.