The Kuwaiti Stock Exchange announced the start of listing the Boursa Kuwait Stock Exchange Company as of Monday, September 14, 2020, within the market's financial services sector.
According to Arabiya Net, the Kuwait Stock Exchange Company was established as a Kuwaiti public shareholding company in April 2014 according to the CMA Board of Commissioners Decision No. 37/2013 issued on November 20, 2013.
The issued and fully paid stock capital of the stock exchange company is about 20.08 million dinars, distributed over 200.8 million shares, all of which are cash-paid shares.
The company is the official stock exchange of the State of Kuwait after it obtained a license to do so from the Capital Markets Authority on October 5, 2016.
and in December 2019, the privatization process was completed through the public offering of the Capital Markets Authority’s 50% stake in the company’s shares, for citizens.
and upon approval by the authority, the company's shares will be traded on the stock exchange (the first market) starting on Monday, September 14, 2020.
Thus, Boursa Kuwait is the first wholly owned private sector exchange to list its shares in itself in the Gulf region, or what is known internationally by the term (Self - Listed Exchange).
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The Capital Markets Authority issued in early September a decision approving the application to list the Kuwait Stock Exchange in the First Market, after completing the listing application submitted by the National Investment Company. Acting as the listing advisor - for all the requirements necessary for the application determination.
(Amazon fun knowledge)
