Title: Press Release: The Capital Markets Academy Signs Memorandum of Understanding with Harvard University’s Program on International Financial Systems (PIFS)

Kuwait, October 27, 2025 - The Capital Markets Academy Signed Memorandum of Understanding with Harvard University’s Program on International Financial Systems (PIFS) on Monday, October 27, 2025. The MoU was signed by Mr. Abdul-Aziz Al-Rushaid Al-Bader - General Manager of the Academy – on behalf of the Academy, and Mr. John Gulliver - Executive Director – on behalf of Harvard University. The signing ceremony was attended by the Board of Trustees of the Capital Markets Academy in addition to officials from the Academy and the Capital Markets Authority.

Moreover, in order to achieve its objectives related to the active contribution of raising efficiency of traders in the capital markets of the State of Kuwait, the CMA seeks to upgrade its academy to the ranks of advanced financial academies through several directives, such as enhancing cooperation in the training and research areas with leading universities to qualify and improve the efficiency of the financial sector cadres through programs specialized in developing the investment financial skills, relying on the latest research, and using the best international methods applied at similar academies.

The Capital Markets Academy – Kuwait is committed to collaborating with leading universities and educational institutions worldwide to offer specialized and distinguished training programs that reflect its goals of developing national human capital.

As part of its ongoing efforts to enhance training programs, and in cooperation with the Program on International Financial Systems (PIFS), the Capital Markets Academy will launch a series of executive education programs specifically designed for financial and professional regulatory bodies. These programs will focus on developing human capital within the global financial system. Since its establishment, the Capital Markets Academy – Kuwait has been dedicated to providing specialized and awareness-raising programs aimed at increasing awareness in the field of capital markets.

It is worth noting that the Program on International Financial Systems (PIFS) is one of the programs supported by Harvard University. PIFS coordinates with the university's Executive Education Department to launch distinguished training initiatives and programs targeting decision-makers and regulatory bodies in capital markets. The goal is to strengthen the role of financial regulation and build a global financial system capable of meeting the challenges of the 21st century.

The executive education programs and international seminars organized by PIFS aim to empower regulatory bodies and financial decision-makers to effectively address global economic and financial revolutions. In the Gulf region, the program offers specialized programs in collaboration with local authorities to enhance regulatory capabilities in capital markets and financial technology.

Through its collaboration with Harvard Law School, PIFS offers specialized international training programs based in Cambridge, attracting capital market regulators from around the world. These programs focus on contemporary financial issues to ensure effective financial regulation in a rapidly changing environment.

Since its establishment in 1986, PIFS has become a leading academic and regulatory forum connecting law, economics, and finance internationally. It remains committed to supporting sustainable financial development, enhancing regulatory efficiency, and building the capacity of financial institutions in the region and worldwide, thereby contributing to market stability and investor confidence.

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: 1888898
Email: pr-media@cma.gov.kw