Boursa Kuwait concludes profitable participation in AFCM convention

KUWAIT: Boursa Kuwait concluded its profitable participation within the Arab Federation of Capital Markets (AFCM) annual convention entitled, “AFCM Annual Convention: Bahrain 2022”, which was held within the Kingdom of Bahrain, on March 28 and 29, 2022.

Thought to be the biggest occasion for inventory exchanges and capital markets within the Center East, the AFCM annual convention is a distinguished platform that gathers leaders from throughout the Arab securities trade, to alternate concepts and visions on probably the most appropriate means to offer key alternatives and the perfect surroundings to advertise the expansion of the Arabian capital market ecosystem, along with enhancing integration and liquidity amongst exchanges throughout the area. The convention seeks to convey the pursuits of the Arab capital markets to life on all ranges, boosting cooperation and coordinating efforts to in the end improve liquidity and inspire corporations to register, listing and commerce, in an effort to develop and improve the area’s capital markets.

The occasion’s agenda included 19 dialogue panels and 95 audio system, shedding mild on numerous matters associated to the capital markets in addition to their efforts and operations all through the previous 12 months. Key matters included sustainability, environmental, social and governance (ESG) metrics, listed index funds, actual property codes, inexperienced financing, regulatory know-how, bilateral netting, and the event of market information and their sale.

Easing procedures

In the course of the convention, the heads of the GCC’s inventory exchanges mentioned potential methods to ease procedures for double listed corporations in addition to launching joint platforms to profit all asset lessons. Convention attendees additionally mentioned the technique of exchanging information and experience and enhancing collaboration in addition to the alternatives to market listed corporations throughout the area to buyers, notably overseas buyers, to profit the respective economies of GCC member states. The heads of the area’s exchanges additionally mentioned easing the account opening procedures for buyers by the “Know Your Consumer” platform and introducing joint merchandise in an effort to create a greater sense of cohesion for all of the area’s capital markets.

Commenting on Boursa Kuwait’s participation on this regional occasion, Boursa Kuwait’s Chief Govt Officer, Mohammad Saud Al-Osaimi, stated: “Boursa Kuwait is eager to take part within the annual convention of the Arab Federation of Capital Markets, particularly since Kuwait is likely one of the founders of this Federation. As a part of its efforts to lift the standing of the corporate and strengthen its place within the area in addition to internationally, Boursa Kuwait is continually striving to boost the methods and strategies of cooperation among the many Arab capital markets.”

Al-Osaimi added, “Other than the precise agenda set for this convention, we took the chance to make use of this occasion as a platform to ease procedures for our buyers and lift consciousness of company days and roadshows to incorporate different exchanges from throughout the Gulf. We additionally sought to encourage corporations to get listed throughout a number of exchanges within the area and introduce joint GCC services and products to serve each issuers and buyers, no matter asset class.”

A launchpad

Commenting on the occasion, Sheikh Khalifa bin Ebrahim Al-Khalifa, Chief Govt Officer of Bahrain Bourse stated: “Bahrain Bourse is proud to be internet hosting this 12 months’s annual AFCM convention, which represents a launchpad to deal with key points relating to regional inventory exchanges and capital markets. We acknowledge the very important position the Bahrain Bourse performs in offering a steady and clear surroundings, and the significance of selling a clear funding surroundings for all Arab capital markets. This occasion provided the perfect discussion board for the area’s leaders to alternate concepts and experience within the hopes of witnessing the specified outcomes come to life.”

Secretary Normal of Arab Federation of Capital Markets Rami El Dokany additionally commented on the occasion, saying, “We had been happy to arrange this 12 months’s AFCM Convention within the Kingdom of Bahrain and convey collectively our colleagues and companions from throughout the capital markets trade. The AFCM is a chance to create a clear and developed surroundings for the Arab capital markets, and encourage additional cooperation and communication between the Federation’s members.

The AFCM is consisted of 21 members representing 17 exchanges and 4 clearing corporations in addition to a number of affiliate members, corresponding to monetary establishments and brokerage companies, from throughout the Arab area. By the top of 2021, greater than 1,570 companies had been listed throughout all Arabian inventory exchanges with a mixed capital of $3.8 trillion.

Boursa Kuwait’s involvement in worldwide and commerce occasions falls in keeping with the corporate’s efforts to strengthen its place as a number one alternate operator within the capital markets. The corporate additionally goals to realize experience, construct information, and promote the Kuwaiti capital market by its numerous participations in conferences and occasions.

Since its inception, the corporate has strived to develop a powerful monetary market with excessive liquidity and credibility by the implementation of a variety of structural and technical developments and initiatives that can improve the place of the alternate, regionally and globally. Boursa Kuwait continues to implement many steps in accordance with worldwide practices and requirements to remodel Kuwait right into a regional and international funding vacation spot, by specializing in creating a lovely issuer base and broadening its investor base, rising the depth and breadth of its merchandise, in addition to upgrading its infrastructure and enterprise surroundings to worldwide requirements.

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