KUWAIT CITY, Sept 3: On the 3rd of September 2018, the Capital Markets Authority’s (“CMA”) advisors, Tri International Consulting Group and KAMCO Investment Company, held a consultation session with local investors to guide them through the next phase of the bidding process for an equity stake in Boursa Kuwait.
During the session, the advisors shed light on the next steps of consortium formation and responded to inquiries from local investors regarding the consortium requirements and restrictions. This initiative falls under the CMA’s commitment to effectively collaborate with all stakeholders and ensure the success of the transaction, while producing the best outcome for the state of Kuwait.
Through this transaction, the CMA aims to secure an investor with the right capabilities to assist in further developing and strengthening Boursa Kuwait to become a leading securities exchange in the region.
This target is in line with the 2035 national vision set out by His Highness the Amir of Kuwait, towards transforming Kuwait into the region’s financial hub. Since the launch of the bidding process on the 30th of April 2018, the transaction has attracted significant interest from both international operators and local investors.