FEAS facilitates integration with global markets and exchanges
KUWAIT CITY, July 21: Boursa Kuwait has announced its membership with the Federation of Euro-Asian Stock Exchanges (FEAS), which facilitates its integration with global financial markets and exchanges.
Through this membership, Boursa Kuwait will be a member of a federation that gathers exchanges from Europe, Asia and the Mediterranean and allows Boursa Kuwait to benefit from FEAS scope of activities, which will bring invaluable benefits to its members including awareness sessions, access to research, analysis and data, as well as widening the network.
Commenting on the earned membership, Boursa Kuwait CEO Khaled Abdul Razzaq Al Khaled stated: “Today’s significant announcement gets us a step closer towards fulfilling our key objective to become a leading regional stock exchange, and refl ects Boursa Kuwait’s commitment to implementing the highest standards of international best practices and its efforts to establish a sound regulatory and technological infrastructure, to meet global standards, as well as position Boursa Kuwait for future growth.”
FEAS Chairman Mohamed Farid Saleh stated: “It is our pleasure to announce during FEAS’s 25th Extraordinary General Assembly that Boursa Kuwait’s application is approved and awarded full membership. We would like to congratulate Boursa Kuwait for joining FEAS community as a full member. We look forward to beneficial and prosperous collaboration.”
Since its establishment in 2014, Boursa Kuwait has been committed to raising the standards of the Kuwaiti capital market, facilitating the development of a sound, internationally recognized, leading regional stock exchange. Boursa Kuwait was founded by a decision of the Capital Markets Authority (CMA) Commissioners’ Council, under resolution No. 37/2013, dated 11/20/2013.