Showcasing its wide-ranging issuer line-up and highlighting new investment opportunities in the Kuwaiti capital market, Boursa Kuwait recently hosted its second international Corporate Day in London in collaboration with Morgan Stanley. Boursa Kuwait welcomed over 30 leading investment firms and eight companies listed on the national stock exchange to the event held on 29 April at event’s venue in Canary Wharf, London.
At the event aimed at increasing transparency between issuers and investors, nine listed corporates representing the real estate, banking, financial services, and consumer goods sectors held meetings with institutional investors, including commercial banks, mutual funds, hedge funds, pension funds and insurance firms. Offering deeper insights into the financial performance, business strategy and outlook of the publicly traded companies, the one-on-one and group meetings enabled investors to gain an in-depth understanding of the benefits of investing in Kuwaiti stocks.
Abdulaziz AlZamel, Client Relations Director, Boursa Kuwait, said: “Our second international Corporate Day in London was a tremendous success as it witnessed keen interest from several leading institutional investors. The event falls in line with our ongoing efforts to bring the benefits of our achievements over the years to global investors and represents our commitment to enabling all participants in the Kuwait capital market to grow and expand their horizons. In addition to shining a light on the opportunities present in capital market, the gathering offered us a valuable platform to gain deeper insights into the needs and demands of our clients. The tremendous support we received from the participating companies has been key to the positive outcome of the Corporate Day and on behalf of Boursa Kuwait, I would like to extend our gratitude to them.”
The event also offered Boursa Kuwait an excellent opportunity to raise global awareness about the latest developments in the Kuwaiti capital market. In a major development that will create a significant impact on the local market, the global index compiler MSCI has announced that it will consider the re-classification of Boursa Kuwait’s market status in its 2019 Annual Market Classification Review set to take place in June. If approved, the company’s status will be upgraded from the current Frontier Market to the Emerging Market in 2020. The company is also gearing up for the inclusion of its index to the leading equity index compiler S&P Dow Jones Indices’ (S&P DJI) Global Equity Indices with the Emerging Market status later this year. The stock exchange was included in the FTSE Russell Emerging Markets Index in May 2018.
Boursa Kuwait hosted its first Corporate Day in London in collaboration with Goldman Sachs in April 2018, presenting eight listed companies. In October, the company partnered with Morgan Stanley to organized its regional Corporate Day in Dubai, which attracted 19 international investment companies.