Topic:
CMAs Second Annual Conference “Capital Markets Development in the State of Kuwait”
Date Publish
26 March 2017
Sheraton Hotel- Kuwait
“Capital Markets Development in the State of Kuwait” was the title of CMA’s second annual conference. The one-day conference was held on Sunday March 26, 2017 in Sheraton Hotel. It was attended by officials concerned with economy and securities activities, in addition to representatives of listed companies and persons licensed by the CMA. A number of local, regional and international experts took part in the conference headed by Mr. Nayef Falah Al-Hajraf – Chairman of CMA Board of Commissioners. The conference commenced with a speech given by Dr. Nayef, in which he emphasized CMA’s endeavor to hold the conference annually to cover all important issues relevant to securities. The conference is held at the time of important phases that the Kuwaiti economy is going through like transferring Kuwait Stock Exchange from a public entity to a shareholding company. It is also the time of enforcing the Corporate Governance rules as well as issuance of the resolution of implementing the Post-Trade Model which is considered a corner stone of elevating the market’s classification. Dr. Nayef considered this year’s conference as an opportunity to shed light on the accomplishments relevant to the adaptation of best international practice, and the important approaches concerning the conference’s various aspects which at the same time represents the most important strategic directions of the Authority at the current stage.
CMA announced concluding the conference’s three sessions at three O’clock in the afternoon after a remarkable success according to participant’s remarks.
- Mr. Mishaal Musaed Al Usaimi: Vice Chairman of CMA Board of Commissioners
- Mr. Muthana Al-Saleh: Head of Markets Sector
- Mr. Anwar Al-Ghaith: Executive Director for Information Technology & banking operations at Central Bank of Kuwait
- Mrs. Emine Ebru AKBULUT: Deputy Head of Intermediary Activities Department at the Capital Markets Board of Turkey
- Mr. Othman Ibrahim Al-Issa: CEO of Kuwait Clearing Company
- Mr. Zeyad Al-Fulaij: Director of Markets Regulation Department
- Mr. Khaled AlKhaled: Vice Chairman and CEO of Boursa Kuwait
- Mr. Mohammad Saud Al-Osaimi: Executive Director/Markets in Boursa Kuwait
- Dr. Mohammad Al-Ramadhan: Chairman of iFSAH Project Steering Committee
- Mr. John Turner: CEO of XBRL International
- Mr. Mohamed Alhadari: Deputy CEO of Organizational Services & Support at Securities & Commodities Authority SCA
- Mr. Abdullah Al-Terkait.: Manager iFSAH Project (CMA)
- Mr.Maged Fanous: Partner, MENA Financial Services, Earnest&Young
- .Presentation of Mr. Muthana Al-Saleh – Final Post Trade Model - First session
- .Presentation of Mr. Anwar Al-Ghaith - Central Bank of Kuwait and Commercial Banks’ Role in PTM - First Session
- Presentation of Mrs. Emine Ebru AKBULUT - Review of the Turkish Experience of PTM - First Session
- Presentation of Mr. Othman Ibrahim Al-Issa - The Clearing Company’s Strategy in Light of the Final Form of PTM - First Session
- Boursa Kuwait Strategic Initiatives - Second Session
- Presentation of Mr. John Turner - Advantages of using XBRL for Business Reporting in Capital Markets - Third Session
- Presentation of Mr. Mohammed Al Alhadari - UAE Experience in Implementing XBRL Based Electronic Filing Platform
- Presentation of Mr. Abdullah Al-Terkait - Overview of the CMA XBRL Based Electronic Filing Platform (iFSAH) - Third Session
CMA Automated Assistant