Title: Invitation to Participate in the Poll on the Cumulative Voting System

The Capital Markets Authority announces that as part of its responsibility to provide a supervisory system to support an attractive and competitive investment environment in the State of Kuwait based on the principles of fairness, transparency and integrity, and in order to keep up with best  international practice, and to ensure the effective participation of the minority of shareholders in the elections of boards of directors’ members of companies, the CMA is currently conducting a survey on the cumulative voting system through an opinion poll launched on its website. The poll targets a wide range of groups interested in financial markets (Government Sector, Companies, Public Welfare Association, Academic Institutions, Accountants, natural Persons). The deadline for submission is 3/2/2018.

As a matter of importance, the Capital Markets Authority encourages participation in the cumulative voting system poll for its contribution to the development of the capital market environment, and welcomes all views and proposals in order to promote securities activities.