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Kuwait Metropolis: 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 business, to alternate concepts and visions on essentially the most appropriate means to offer key alternatives and the perfect atmosphere 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 carry the pursuits of the Arab capital markets to life on all ranges, boosting cooperation and coordinating efforts to in the end improve liquidity and encourage corporations to register, checklist 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 gentle on numerous subjects associated to the capital markets in addition to their efforts and operations all through the previous yr. Key subjects 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 knowledge and their sale.
Throughout the convention, the heads of the GCC’s inventory exchanges mentioned attainable methods to ease procedures for double listed corporations in addition to launching joint platforms to profit all asset courses. Convention attendees additionally mentioned the technique of exchanging data and experience and enhancing collaboration in addition to the alternatives to market listed corporations throughout the area to traders, notably international traders, to profit the respective economies of GCC member states. The heads of the area’s exchanges additionally mentioned easing the account opening procedures for traders by means of the “Know Your Shopper” 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 Government Officer, Mr. 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 without doubt 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 consistently striving to reinforce the methods and strategies of cooperation among the many Arab capital markets.”
Al-Osaimi added, “Aside from the particular agenda set for this convention, we took the chance to make use of this occasion as a platform to ease procedures for our traders 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 traders, no matter asset class.”
Commenting on the occasion, Sheikh Khalifa bin Ebrahim Al-Khalifa, Chief Government Officer of Bahrain Bourse stated: “Bahrain Bourse is proud to be internet hosting this yr’s annual AFCM convention, which represents a launchpad to deal with key points concerning regional inventory exchanges and capital markets. We acknowledge the important position the Bahrain Bourse performs in offering a steady and clear atmosphere, and the significance of selling a clear funding atmosphere 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 have been happy to prepare this yr’s AFCM Convention within the Kingdom of Bahrain and convey collectively our colleagues and companions from throughout the capital markets business. The AFCM is a chance to create a clear and developed atmosphere for the Arab capital markets, and encourage additional cooperation and communication between the Federation’s members.
The AFCM is comprised of 21 members representing 17 exchanges and 4 clearing corporations in addition to a number of affiliate members, similar to monetary establishments and brokerage companies, from throughout the Arab area. By the top of 2021, greater than 1,570 companies have 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 step with the corporate’s efforts to strengthen its place as a number one alternate operator within the capital markets. The corporate additionally goals to achieve experience, construct data, and promote the Kuwaiti capital market by means of its numerous participations in conferences and occasions.
Since its inception, the corporate has strived to develop a robust monetary market with excessive liquidity and credibility by means of the implementation of a spread of structural and technical developments and initiatives that may 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 world funding vacation spot, by specializing in creating a horny issuer base and broadening its investor base, growing the depth and breadth of its merchandise, in addition to upgrading its infrastructure and enterprise atmosphere to worldwide requirements.
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