Minister of Commerce and Business Khalifa Al-Ajeel affirmed on Saturday that creating Kuwait’s inventory market is a nationwide precedence, as a part of the nation’s broader efforts to boost its enterprise and funding atmosphere.
Talking to the Kuwait Information Company (KUNA) after a gathering held on the Capital Markets Authority (CMA) headquarters, Al-Ajeel stated the ministry is working carefully with the CMA, Boursa Kuwait, and the Kuwait Clearing Firm to launch a brand new part of modernization and regulation. The purpose, he defined, is to extend market depth, effectivity, and attractiveness to traders.
Al-Ajeel highlighted that latest indicators mirror notable enchancment in market efficiency, with international investor buying and selling rising by about 27 p.c in 2024 in comparison with 2023, signaling rising worldwide confidence in Kuwait’s capital market.
He added that market capitalization has expanded by almost 30 p.c over the previous two years, whereas buying and selling liquidity has surged by greater than 85 p.c since 2023, pointing to an increasing investor base and the market’s openness to international funding.
The Minister credited these constructive outcomes to the regulatory and technical reforms led by the CMA in cooperation with related entities, guaranteeing alignment with the best worldwide requirements of transparency and governance.
“The capital market is the mirror that displays the vitality of our economic system and the event of its devices,” Al-Ajeel stated. “We aspire to a market that’s deeper, extra liquid, and extra open to native and worldwide traders — one which helps Kuwait’s enterprise and funding atmosphere.”
He emphasised that the subsequent part will see stronger coordination between regulatory and operational our bodies to bolster transparency, improve governance, and enhance the investor expertise.
“We’re constructing a contemporary monetary market based on transparency and equity, preserving tempo with international financial transformations, and positioning Kuwait as a number one regional market,” he added.
The assembly additionally reviewed a number of improvement proposals aimed toward enhancing the competitiveness of the Kuwait Inventory Alternate, stimulating new listings, bettering liquidity, and simplifying funding procedures.
Individuals agreed to develop a joint implementation plan together with sensible initiatives to advance the market’s efficiency and strengthen its technical and legislative infrastructure.
The session was attended by CMA Chairman Emad Tifoni, Boursa Kuwait Chairman Bader Al-Kharafi, Boursa Kuwait CEO Mohammed Al-Osaimi, and Kuwait Clearing Firm Chairman Fahad Al-Mukhaizeem.
Established as the primary regulated inventory market within the Gulf area, the Kuwait Inventory Alternate has lengthy served as a key platform for financing nationwide initiatives and personal sector progress.
The Ministry of Commerce and Business, alongside its companions, continues to drive efforts to advance the market right into a extra mature, clear, and globally aggressive stage, aligned with Kuwait’s imaginative and prescient for a diversified and sustainable economic system.