CmaBoardReleases
Title: Press Release: Graduation Ceremony for The Trainees of CMA’s Seventh Program for Training and Qualifying the Recent Graduates 2020/2021
Kuwait, April 23, 2022 - The Capital Markets Authority (CMA) held a ceremony honoring the graduates of "The CMA’s Seventh Program for Training and Qualifying the Recent Graduates" on Monday, April 18, 2022 in the presence of Prof. Ahmad Al-Melhem –Chairman of CMA Board of Commissioners and the Managing Director and the heads of CMA’s sectors, where the Managing Director addressed a speech during the ceremony in which he praised the excellence of the training program and the trainees, pointing out that they are an elite group of distinguished people, and urged them to benefit from the skills and experiences that were acquired during the program. The Trainee/ Meshari Al-Kulaib made the trainees speech in which he thanked the CMA for providing this training opportunity, stressing that it contributed to refining their skills and preparing them for the labor market. At the end of the ceremony, the graduates were honored and presented certificates for completing the training program.
It should be noted that this program is an enhancement of the role of the Capital Markets Authority in community development by qualifying young national cadres to work in the capital markets. The training program, which covered over 4 months, was divided into three training stages as follows:
The First Stage - Local Training from 28/11/2021 to 20/1/2022:
This stage included a set of lectures and training programs in various fields, including accounting, financial control, and legal aspects, in addition to training on communication and administrative skills, which were provided by accredited training entities. The trainees obtained a certificate for completing each of these training programs. Specialists from the CMA’s employees participated in providing some specialized programs such as Anti-Money Laundering and Combating Financing of Terrorism, judicial seizure, arbitration, CMA Law No. (7) of 2010 and its amendments, and the challenges of financial technology (Fintech).
The Second Stage - Field Training from 23/1/2022 to 24/2/2022:
The second phase is divided into two parts, the first part is field visits to a number of state institutions to see their various activities, specifically: the Central Bank of Kuwait, Boursa Kuwait Securities Exchange, Kuwait Clearing Company, Kuwait Chamber of Commerce and Industry, Kuwait Investment Authority, Kuwait Direct Investment Promotion Authority, Kuwait Anti-Corruption Authority and the State Audit Bureau. The second part of the field training took place at the headquarters of the Capital Markets Authority.
The Third Stage - External Training from 28/2/2022 to 26/3/2022:
This stage was implemented in cooperation with Harvard Law School, where virtual lectures were presented using Zoom application by academic lecturers and experts in the financial field. The program included the most important technical and supervisory topics related to the nature of the financial markets and the identification of the role of financial technology in the financial markets. At the end of that stage, the trainees were evaluated by submitting visual presentations to the implementing agency of the program.
After concluding the training program, the trainees obtained a final certificate approved by the Capital Markets Authority and Harvard University.
Ends-
Notes to Editors:
The Capital Markets Authority was established pursuant to Law No. 7/2010, approved by the Kuwaiti Parliament in February 2010. Pursuant to the Law, the CMA shall regulate and supervise the securities activities, achieve transparency and fairness, observe listed companies’ execution of Corporate Governance regulations, and protect investors from unfair practices which violate the CMA's Law.
Furthermore, the Law's provisions stipulate the supervision of mergers, acquisitions, and disclosure operations. The CMA also aims to provide awareness programs related to securities activities.
For further information, please contact:
Public Relations & Media Office
Tel: 22903062
Fax: 22903505
Email: pr-media@cma.gov.kw