Capital Markets

imported 2024-03-17 17:43:07

Kuwait’s Capital Markets Authority: Overview and Expectations

Recent feature of Kuwait Financial Markets is the adoption of Capital Markets Authority. According to KAMCO research “the Capital Market Authority in Kuwait created through a bill approved by the Kuwaiti parliament in February 2010 is on the right track but will require time to implement the laws and regulations that aim at regulating securities activities in a fair, competitive and transparent manner, protecting investors and implementing a policy of full disclosure so as to promote justice and transparency and to prevent conflicts of interest and the exploitation of insider information. The CMA Kuwait will bring more transparency and oversight to Kuwait Stock Exchange that in turn will boost confidence among foreign and institutional investors.”

Insider Trading in Kuwait: “Insider Trading Practices Not Widespread”

Often the companies listed on the KSE have are implicated in a convoluted, opaque ownership schemes and many argue that there has been many cases of insider trading. Due to the size, Sadoun A. Ali, Chief Executive of KAMCO, a leading asset manager and investment banking company dismisses that widespread insider trading practices exist but admits that there are speculators in the market acting and trading upon rumors.

Kuwait Capital Market 2012: CMA, Outlook, Equities, Bonds

Interview with Sadoun A. Ali, Managing Director & CEO of KAMCO. Kuwait has to regain the trust of international investors. The capital markets need to be structured in a way that should abide by the most recent rules and regulations. The Capital Markets Authority is coming in very difficult times; it is late to be implemented after the crisis. The difficulty that they are facing is the time.

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