Boursa Kuwait con­cludes con­sul­ta­tion for draft rule­book

Kuwait Times - - BUSINESS -

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.

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