Title: The Capital Markets Authority Publishes the Fourth Issue of its Electronic Awareness Magazine

Kuwait, June 1, 2021 - The Capital Markets Authority (CMA) published today its fourth awareness magazine through its electronic website. This issue covers several topics related to the nature of CMA’s activities,  tasks and various topics relevant to the different  magazine’s sections: awareness, legal, regulatory and supervisory, in addition to the news section and other sections covering CMA’s activities and events.

The current issue witnessed important developments whether in the topics it is covering or the way they are presented, in addition to establishing new creative sections such as “Opinion and Vision”, which aims to make the magazine a national economic media platform that goes beyond the limits of securities activities. It also aims to make it a source of all information relevant to  our economic issues according to  the visions of the economic specialists, pursuant to the vision of Professor Ahmad Al-Melhem - Chairman of CMA Board of Commissioners- in the new Issue Editorial. The first topic of the section presented the opinion of His Excellency Dr. Mohammad Y. Al-Hashel - Governor of the Central Bank of Kuwait- regarding the lessons learned from the crises. Moreover, Prof. Ahmad Al-Melhem, in his editorial section, discussed CMA’s direction in promoting qualitative listings in the exchange and its efforts in providing the necessary frameworks of those listings as one of the ways of achieving the government development plan and the financial and economic reform at the same time. The economic leaders section, which is one of the permanent sections, summarized the biography of the late Saad Ali Alnahd and his role in both the humanitarian side and in the establishment of Kuwait Red Crescent Society. His efforts had a prominent impact in placing the Society at a prestigious international position.

The legal section discussed the topic of “General Provisions for the Pledge of Securities Contract”, followed by the “Issue Event” section that overviewed the story of “Kuwait’s Exchange Privatization Journey”, regarding which the CMA has recently issued a special report .

The issue’s "Interview" section presented a lengthy dialogue with the economic expert “Abdlatif Al-Hamad”, and summarized the path of his personal and professional life, especially his position as the chairman of the Arab Fund for Economic and Social Development, in order to highlight the Fund’s most prominent stages of establishment and contributions.

As for the "Reports" section, it presented three specialized reports, the first of which was the performance of Boursa Kuwait during the first quarter of the current year, while the second one was devoted to monitoring on-site supervision tasks for the licensed persons, collective investment schemes and unlicensed listed companies. The last report of which presented statistics and accumulated data of the investment portfolios for the end of the first quarter of 2021. This was followed by the awareness section whose topics varied between Awareness Spotlight, recollection of the Securities Exchange, the story of money, digital currencies and their risks, Future Generations Fund, and the economic intelligence. The issue’s “File” was allocated to CMA’s Professional Qualifications Program whose Mandatory Implementation Phase will start at the beginning of the coming month of October.

The "Prospects and Trends" section discussed the Strategic Planning Methodology Development Project of the CMA. It introduced its aims and implementation phases. The “Treasury Shares” and its advantages and expected effects was the subject of the “Other Topics” section, followed by the “Events and Activities” section that summarized the most prominent activities of the CMA during the issuance period (March – May). It also presented the most prominent economic news during the mentioned period. The "Conclusion" section included a review by the editor-in-chief of the magazine, Director of the Awareness Office, on CMA’s directions regarding the knowledge economy.

Finally, it should be noted that the Capital Markets Authority’s magazine is a quarterly electronic awareness publication concerned with the economic affairs and securities activities, aiming to cover CMA’s news and activities, and to contribute to the required awareness by addressing financial, investment and legal issues. The first issue was issued in early September. It can be viewed on CMA’s website.

-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