Capital Markets

The Kuwait Stock Exchange (KSE) is one of the oldest in the region and traditionally has been a regional leader in sovereign bond issuance. Following the economic downturn that started in 2008, the KSE has sought to restore confidence and offer a route to renewed growth via a comprehensive package of reforms. The Capital Markets Law, passed in 2010, aims to boost transparency and enhance investor knowledge regarding participation on the bourse. While these measures may depress trading in the short term, better regulation will provide the basis for long-term expansion. This chapter includes an interview with Ziad Hasan Al Qaissi, Executive Vice-President, Investment Advisory and Research Division, KAMCO. It also features a roundtable with Hisham A Al Razzuqi, CEO, Gulf Investment Corporation; Ali Ahmed Al Zubaid, Deputy Chairman and MD, Alimtiaz Investment; and Maha K Al Ghunaim, Chairperson and MD, Global Investment House.