Boursa Kuwait concludes consultation for draft rulebook
A market-wide consultation for the draft of the Rulebook has been concluded by Boursa Kuwait yesterday in efforts to strengthen regulations in the market and advance the overall market performance.
The extensive Boursa Kuwait Rulebook outlines market rules and regulations, guidelines related to listed companies and individuals in the Kuwaiti exchange, integrity guidelines, and disciplinary measures while defining the role of Boursa Kuwait through its objectives, responsibilities and management team.
Khaled Abdulrazzaq Al-Khaled, Boursa Kuwait CEO, addressed all participants in the consultation and said: “Boursa Kuwait’s unique transparency model ensures stakeholders can communicate freely with us and share valuable insights helping us to build comprehensive guidelines that combine extensive market research with market realities.
“We are very grateful to all those who demonstrated commitment and devotion to the Kuwaiti market through their contributions to this important Rulebook. This achievement marks a milestone in the Kuwaiti exchange history by increasing transparency levels and advancing its status on a global level. We are certain that the Boursa Kuwait Rulebook will be a valuable resource to all those looking to invest in the rapidly developing Kuwaiti market both local and international.” The draft of the Boursa Kuwait Rulebook is the first of its kind in Kuwait and has been uploaded on the Boursa Kuwait website for public consumption after being initiated on 02 July 2017.