The Kuwaiti Capital Markets Authority recorded a net loss in the year (2019/2020) of 22.19 million dinars, compared to 23.86 million in (2018/2019). < / p>
According to the Kuwaiti newspaper, Al-Rai, the Authority’s ninth annual report showed an increase in revenues to reach 6.87 million compared to 4.78 million in the previous fiscal year, while expenditures reached 29.06 million Compared to 28.65 million in (2018/2019).
As for Markets Authority's assets, they amounted to 128.19 million dinars at the end of (2019/2020) against 38.86 million liabilities, compared to 96.57 million assets and 34.98 million liabilities in End of the fiscal year (2018/2019).
The nominal value of debt instruments that the Markets Authority granted approvals for issuance during the past fiscal year amounted to about 2.499 billion dinars, ranging between debt bonds, sukuk and debt bonds convertible into shares, thus The total cumulative value of the Authority’s approvals since its inception to issue debt instruments alone amount to 6.081 billion dinars.
10 money laundering inspections
The field monitoring tasks of the Capital Markets Authority implemented during (2019/2020) amounted to 138 tasks, including 21 comprehensive field inspections, 27 specific-purpose inspections, and 10 related to combating Money laundering and terrorist financing, and 80 reviews and evaluations of internal control system reports.
28 mergers and acquisitions worth 1.26 billion dinars
The Capital Markets Authority completed 3 mergers and acquisitions in the past fiscal year with a total value of 20.98 million dinars, including the merger of KAMCO, Global, Securities and Safety House, and the completion of the mandatory acquisition of a company. Al-Thukair General Trading and Contracting on all KMEFIC shares.
This brings the total of mergers and acquisitions completed by the Markets Authority to 28 operations since 2012, valued at 1.26 billion dinars.
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