Title: Acting Chairman and Members of CMA Board of Commissioners Congratulate His Highness on Promoting Kuwait among the Index of MSCI
Date Publish 08 July 2019
KUWAIT CITY, 8 July 2019 - His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah welcomed His Excellency the Minister of Commerce and Industry Khalid Nasser Al-Roudhan and Acting Chairman of the Board of Commissioners of the Capital Markets Authority, Mr. Othman I. Al-Issa and the members of the Board of Commissioners, as well as Acting Chairman of the Board of Directors of the Boursa Kuwait, and Chairman of the Board of Directors of Kuwait Clearing Company and CEO’s of both companies at Bayan Palace, where they congratulated His Highness the Amir on the promotion of Kuwait among the ranks of emerging markets within the Index of MSCI, His Highness praised the efforts exerted by the Authority and all concerned parties to obtain the promotion, which serves the national economy and strengthens its position to serve the nation with more outstanding endeavors.
On this occasion, the Capital Markets Authority (CMA) extends its thanks and appreciation to His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah for his continuous support to accomplish this achievement for the State of Kuwait, wishing Kuwait more progress and prosperity.
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 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.
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