The establishment of the Capital Markets Authority (CMA) is the most significant development for Kuwait’s bourse in decades. The new regulatory regime, ushered in by the passing of the Capital Markets Law (CML) in February 2010, replaces an unwieldy system in which a triumvirate of administrative bodies – the Ministry of Commerce and Industry, the...
THE COMPANY: Acknowledged as the leader in the local banking industry, NBK was established in 1952 as the first national bank and first joint stock company in Kuwait and the Gulf region. NBK is the largest financial institution in the country with total assets of KD13.7bn ($49.39bn) and enjoys the status...
THE COMPANY: Mabanee is a public shareholding real estate company that is widely recognised for owning The Avenues shopping mall. It was listed on the Kuwait Stock Exchange in November 1999 and is currently the largest real estate company in the sector, representing around 27% of the total real estate...
THE COMPANY: Jazeera Airways was incorporated in 2004 as a Kuwait-based public shareholding company engaging in the business of air transportation and commercial passenger services. The airline provides a lowfare business model for passengers, and owns a fleet of Airbus A320 aircrafts flying to different...
In the years since the 2008 economic crisis local lenders in Kuwait have expended much effort on restructuring loan portfolios, aided by a central bank keen on returning the domestic market to a position where it might lend productively and thereby stimulate the wider economy. High rates of provisioning and anaemic credit growth suggest this process...
After a period in which the country’s bond market was negatively affected by the global economic crisis, signs of growth were returning at the turn of the year: Consumer credit firm Commercial Facilities Company announced the successful completion of its KD50m ($180m) local bond in December 2011, which was followed by Kuwait Projects Company’s (...
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