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Friday , November 22 2019

Kuwait Bourse takes part in WFE General Assembly meet

Bid to enhance status internationally

Nasser Al-Sanousi

KUWAIT CITY, Oct 8, (KUNA): Bourse Kuwait is determined in developing the market to better enhance its status regionally and internationally to contribute in turning Kuwait into a secure financial center in the region, Head of marketing and corporate communication at Boursa Kuwait Nasser Al-Sanousi said. He gave these remarks to KUNA on the sidelines of Boursa Kuwait’s participation in its 59th Annual meeting and The World Federation of Exchanges (WFE) General Assembly meeting held in Singapore that would end by October 10.

This is the first participation of BOURSA Kuwait in this WFE meeting after gaining the full membership in the Federation in 2018, he said. Kuwait gained the membership after a majority voting in WFE wgicg reflects the efforts Boursa Kuwait exerted during the last two years to improve the trading operations and facilitate the access to the Kuwaiti capital market, he added. It also would increase the transparency and elevate the Operational operation’s efficiency, he said. Boursa Kuwait during the last two years developed a trusted financial market with a high liquidity, Al-Sanousi affirmed.

He took part during the General Assembly meeting in electing WFE Board of Directors for the Americas region, Asia and Pacific Ocean. Boursa Kuwait team visited Singapore Exchange in order to exchange information and expertise, and discussing the most prominent devilments in the stock markets at the international level. They also tackled the latest reformation plans in the market carried out by Boursa Kuwait.

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