Title: Extensive Awareness Campaign by the Capital Markets Authority, Gulf Smart Investor Award
Kuwait, October 21, 2023 – The Capital Markets Authority (CMA) has initiated an extensive awareness campaign since late September to promote the Gulf second Smart Investor Competition. This follows the launch of the second edition of the Gulf Investment Awareness Program “Mulim” in August, with a significant enhancement compared to its first edition. The modifications include the addition of a fourth area to the existing three areas and quadrupling the total prize value.
The competition aims to motivate the GCC citizens and residents to create informative materials that contribute to spreading financial literacy, and reinforce essential financial concepts such as saving, investment, and financial planning, and possessing wise investment decision-making skills. The competition consists of four areas: drawing, video production, photography, and writing, targeting individuals, university students and school students. The competition offers a total of thirty-six prizes worth one million Saudi Rials, and the participation period extends until November 12th.
Previously “Mulem” launched its first edition, which ran from June to November 2022, and the results were announced during a ceremony on January 31, 2023.
Moreover, this awareness campaign by the CMA aims to introduce and educate various society groups, including citizens and residents, about the competition, its areas, and the available participation requirements. Alongside promoting the approved awareness materials by “Mulim” on the CMA’s social media accounts, the campaign includes various television, radio, and newspaper activities, as well as informative messages and different community events through awareness workshops executed during this period.
It is worth noting that the Gulf Investment Awareness Program “Mulim” is a joint awareness program among the GCC regulatory entities. It was initiated in November 2020 to provide the necessary financial and investment awareness to market participants and the persons of interest from various societal sectors in the GCC countries through several initiatives and activities, with the competition being one of them.
As the CMA announces its awareness campaign of this competition, it encourages everyone to participate as it provides a creative platform for showcasing their innovative ideas and perspectives. It is a valuable opportunity for individuals to express their talents, especially with the diversity of areas, topics, and valuable prizes.
Further details about the competition and how to participate can be found on the allocated page in Mulim website on the following link: https://mulimgcc.org/.
Notes to Editors:
The Capital Markets Authority (CMA) of Kuwait was established pursuant to Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, and its amendments, approved by the Kuwaiti Parliament in February 2010. Under this Law, the CMA regulates and supervises securities activities, ensures transparency, fairness, efficiency, and observes listed companies’ implementation of Corporate Governance regulations. The CMA also protects investors from unfair practices and violations of 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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