KUWAIT CITY, Feb, 28: Boursa Kuwait recently announced that two new board members have joined its board; Talal Fahad AlGhanim and Soliman Barrak AlMarzouq. The board now consists of eight highly qualified professionals.
The Capital Markets Authority (CMA) assigned each of AlGhanim and AlMarzouq following the recent resignation of Issam AlMarzouq who has been appointed as the Minister of Oil, Electricity and Water, and Moussa AlKandari.
The CMA was keen to fill these vacant positions with high caliber professionals that can maintain the ‘private sector’ mindset within the company and contribute to the activation of the development plan which Boursa Kuwait is planning to roll-out by engaging all concerned parties.
Talal Fahad Yousef AlGhanim, is currently the Chairman of the Universal International Food Company. Prior to this, AlGhanim held the post of Deputy General Manager at the Kuwait Clearing Company. Throughout his career, AlGhanim was a member in several committees and councils of prominent institutions across Kuwait. AlGhanim holds an MBA with special emphasis on Accounting from St. Louis University, USA and a Bachelor degree in Accounting from Kuwait University.
The second new member, Soliman Barrak AlMarzouq is currently the General Manager of Group Treasury at National Bank of Kuwait (NBK). He joined the NBK Treasury Group in 2002. Prior to this, AlMarzouq joined the Department of Foreign Operations at the ‘Central Bank of Kuwait’. Throughout his career, AlMarzouq was a board member in several banks and companies in Kuwait and has extensive experience in investment and wealth management, in addition to his experience in treasury and banking operations. AlMarzouq holds a bachelor degree in Economics from Portland State University, USA.
Commenting on the new additions to the Board, Boursa Kuwait Chairman, Mohammad AlSaqqaf, said “We as a board, are always stronger with highly qualified and diverse board composition that can steer strategy and add value to Boursa Kuwait, especially during this critical and important phase of the significant restructuring program of the exchange”. He added; “As we embark on a new phase of upward trajectory in our offerings and services, we seek to establish the regulatory framework for the various new investment and trading tools and initiatives we plan to rollout to the market in the near future. Our aim is to create a liquid and transparent capital market which can position our exchange as an attractive and efficient investment proposition”.
AlSaqqaf congratulated AlGhanim and AlMarzouq on their new posts with Boursa Kuwait, and highlighted his confidence in the positive role the two new members will play in supporting Boursa Kuwait’s vision to become a regional financial center. “I trust that their expertise and knowhow from both the banking and financial sectors will contribute to the fulfillment of Boursa Kuwait’s vision, and will reinforce the company’s performance, thereby creating a positive impact on our exchange, and hence on our national economy”, AlSaqqaf added.
For more information on Boursa Kuwait, please visit www.boursakuwait.com.kw.