Title: GCC Capital Markets Regulators Resume their Awareness Campaign “Mulem” on the Role of the Capital Market in the National Economy and Reading Financial Statements
Kuwait, September 4, 2021 - The capital markets regulators of the GCC States will resume their awareness campaign in September and October under the joint campaign “Mulem” with the topic of “Promising investment in One Gulf”. The campaign aims to enhance the knowledge of investment methods in the capital markets and the key concepts and basics related to the capital market to promote the GCC citizens’ knowledge of saving and investment.
The program focuses on GCC investment awareness during the current phase led by the Capital Market Authority of the Sultanate of Oman in two main themes, emphasizing on the role of the capital market in the national economy and how to read the financial statements in two consecutive months starting on September 1st until the end of October.
The awareness programs aim to acquaint the community with the importance of the capital market as a source of funding for huge development and investment projects supporting the economy and to emphasize on funding characteristics of the capital markets whether to the issuers of securities or the investor. The awareness message focuses on the role of the market in encouraging the youth and students to save and how to utilize their savings in safe and licensed securities investment schemes, to take part in the investment opportunities in the various economic sectors.
Furthermore, reading financial statements is a basic element of investment as a sound method for making investment decision in any listed company, hence the awareness programs will focus on how to deal with the financial statements to find out about the performance of the companies.
The campaign targets the various categories of the community with special focus on students and women in their places of work through broadcasting awareness messages in the social media pages of the CMA in the form of infographics or video content concurrently with the securities commissions of the GCC. The CMA will organize 4 workshops via electronic means on the basics of investment, the role of the capital market in the national economy, reading the financial statements and a seminar on empowering women economically to invest in the securities.
The campaign is the sixth on the level of the GCC states that started in the last quarter of 2020 as joint GCC awareness campaign on the basics of investment in the securities markets, risk avoidance, increased awareness of fraudulent methods and acquaintance with investment regulations to enhance the efficiency and soundness of transactions in the markets.
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.
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