Kuwait’s capital markets: introduction of CMA important for Kuwait
Faisal M. Sarkhou, CEO of KAMCO talks about the effects of the introduction of CMA in 2011.
imported 2024-03-17 17:43:07
Faisal M. Sarkhou, CEO of KAMCO talks about the effects of the introduction of CMA in 2011.
Faisal M. Sarkhou, CEO of KAMCO talks about KAMCO’s 2015 strategy.
Adil S. Dahlawi, managing director and CEO of Itqan Capital talks about the major investment opportunities in Saudi Arabia, capital markets, real estate and other topics.
Anees Ahmed Moumina, CEO of SEDCO Holding talks about the outlook for the Saudi capital markets.
We are also one of the largest asset managers in the region; we manage over 3.5 billion KDs worth of assets under management (AUM).
Kuwait is an oil related economy, with the energy sector dominating the economy. Oil and oil related products constitute about 55 to 60% of Kuwait’s GDP. A sharp drop in oil prices, like a 40% drop, is going to affect the economy. The nominal GDP will get affected. Real GDP will depend on how OPEC reacts about 6 months down the line.
Itqan Capital is a Sharia Compliant company focusing on four main lines of business, Asset Management, Principal Investment, Investment Banking and Custodial Services.
Capstone Investment Group was established in 2010, with a focus on multi-use high-end real estate development. The company concentrates on particular areas in Lebanon, specifically in Beirut. In the last five years, Capstone has completed three projects so far, and have plans for continued growth.
“The options are either through funds or through swaps. Foreigners would prefer direct ownership of securities and this has been an ongoing debate for quite some time,” explains Dr. Boutros Klink, CEO of Standard Chartered.
“The capital market in Saudi Arabia is quite young relative to other more established markets. The CMA (Capital Markets Authority) started authorising companies in 2005,” says Dr. Boutros Klink, CEO of Standard Chartered.