Capital Markets
The Kuwait stock market is undergoing a series of changes, which have the potential to trigger transformations in the market’s daily operations and long-term prospects. This commenced in 2016, with private operator Boursa Kuwait taking over operations of the publicly owned bourse, then known as the Kuwait Stock Exchange. In mid-February 2018 the Capital Markets Authority (CMA) announced it had expanded the team of companies overseeing the exchange’s privatisation, and in April the CMA launched a bidding process for an equity stake in Boursa Kuwait capital stocks of between 26% and 44%, with the initial public offering of the stake set to be launched in early 2019. The offering is expected to enable the implementation of further upgrades and reforms in the future, including new trading and settlement systems and, eventually, the launch of derivatives. This chapter contains an interview with Khaled Abdulrazzaq Al Khaled, CEO, Boursa Kuwait.
