Boursa Kuwait Holds Second Workshop on Corporate Actions

Press release

Published February 14th, 2018 - 07:47 GMT

Q&A session was allowed for attendance to propose any questions or queries they have or clarifications they entail.

Boursa Kuwait has conducted the second workshop on ‘Corporate Actions’, the session was held at the company’s premises and has witnessed the participation of listed companies’.

The awareness session included a brief on the settlement cycle T+3 and equity benefits considering Capital Market Authority’s Law No. 63 of 2017, which obliges listed companies to fulfil new requirements including the announcement of the board meeting to discuss annual financial results and dividends distribution to shareholders. A Q&A session was allowed for attendance to propose any questions or queries they have or clarifications they entail.

The workshop comes in line with Boursa Kuwait’s main objective to maintain the maximum level of transparency and offer financial services and products that meet international standards, and holding on going workshops and sessions to achieve the maximum level of awareness and benefit for stakeholders

For more information on Boursa Kuwait, please visit its official website: www.boursakuwait.com.kw.

Background Information

Boursa Kuwait

Boursa Kuwait was founded on April 21st, 2014 by the Capital Markets Authority Commissioners’ Council Resolution No. 37/2013 dated 20th November, 2013 and the Capital Markets Authority Law No. 7/2010. In addition to being primarily responsible for regulating all aspects of the Kuwaiti capital market, the Capital Markets Authority also has full ownership of Boursa Kuwait, which manages the exchange operations. Boursa Kuwait is responsible for introducing new trading rules, risk management practices, price discovery mechanisms and new technology to ensure that Boursa Kuwait is as robust and secure as possible. The establishment of Boursa Kuwait marked the first step in privatizing the Kuwaiti Stock Exchange, which was founded in 1983.