The two firms that constitute Kuwait’s reinsurance industry are looking forward to increased activity, driven by strong demand for reinsurance capacity in local and regional markets alike. Indeed, in an effort to diversify their revenue sources, both Kuwait Reinsurance (Kuwait Re) and Al Fajer Re-takaful (Al Fajer Re) have worked to expand their...
Islamic financial institutions have become an increasingly important component of Kuwait’s banking sector over the past decade and a half. As of September 2012, the country’s five Islamic banks accounted for 42.3% of total banking assets, up from 33% at the end of 2011, according to data from Kuwait Finance House (KFH) and Ernst & Young (E&Y...
ZAIN price & index relative performance ZAIN market ratios THE COMPANY: Zain Group is a Kuwait-based public shareholding company engaged in the provision of mobile telecoms and data services in eight MENA countries. Zain was incorporated in June 1983 and listed on the Kuwait Stock Exchange in March 1985. Zain currently ranks fourth in terms of...
The rise of investment companies (ICs) in Kuwait began in the late 1990s, when easy access to bank credit and low regulatory barriers to entry resulted in a jump in the number of firms participating in the country’s capital markets. According to data from the Central Bank of Kuwait (CBK), by the end of 2001 the nation was home to 26 conventional ICs...
In an effort to ensure increased efficiency and the expansion of Kuwait’s capital markets, the government is working to privatise the Kuwait Stock Exchange (KSE) before the end of 2013. The plan to float the bourse – the oldest in the GCC region – is closely linked with the recent structural and regulatory overhaul of the wider capital markets...
Despite a variety of ongoing challenges, Kuwait’s banking sector has performed well in recent years. The country’s 10 local banks and 11 foreign players make up one of the oldest banking sectors in the region and the third-largest in the GCC, with total assets of KD48.8bn ($174.3bn) at the end of March 2013. In 2012 the industry saw asset growth of...
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