Capital Markets

More than six years of strategic planning came to fruition in late April 2016, when Boursa Kuwait Securities Company, a private firm established in 2014, took over management of the Kuwait Stock Exchange. The move was widely understood to indicate the beginning of a new era for Kuwait’s capital market. This shift follows on from a series of major reforms initiated by the passage of the 2010 Capital Markets Law, under which the sector regulator – the Capital Markets Authority – and other state entities have worked to transform the bourse, with the long-term objective of boosting the market’s performance and overall value.

This chapter contains an interview with Nayef Al Hajraf, Chairman and Managing Director, Capital Markets Authority (CMA).