An ongoing round of mergers and acquisitions (M&A) in Kuwait’s financial services sector is set to create two banking and asset-management powerhouses, with market consolidation having the potential to spur additional tie-ups.
Kuwait
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A group of domestic and international investors have acquired a 44% stake in Boursa Kuwait, the country’s stock exchange, with plans in the offing to launch an initial public offering (IPO) for the remaining shares.
Articles & Analysis | Kuwait lenders in a stable position, with banking sector posting gains from The Report: Kuwait 2018
Underpinned by rising commodity prices and, consequently, increased domestic spending, Kuwait’s banking sector performed well in the 18 months to mid-2018. The industry posted net profit growth of 8.9% and total asset growth of 5.9% to $251.9bn in 2017, according to professional services firm KPMG, even as local banks moved to adhere to a raft...
Articles & Analysis | Innovative tech solutions driving evolution in the global financial services landscape from The Report: Kuwait 2018
Once reserved for ambitious start-ups and industry-leading tech operators, financial technology (fintech) has more recently caught the attention of major private sector firms and government planners alike, becoming a regular feature in budget speeches and strategic development plans. As fintech progressively plays a larger part in the lives of...
