Latest news with #CapitalMarketsAuthority
Al Bawaba
7 hours ago
- Business
- Al Bawaba
Boursa Kuwait sees a 61.12% surge in its net profit for the first half of 2025
In a meeting of its Board of Directors on Tuesday, July 29, 2025, Boursa Kuwait announced that it recorded a net profit of KD 15.11 million for the first half of 2025, a 61.12% increase from its total for the corresponding period in 2024, when the company recorded profits of KD 9.38 company's remarkable improvement in net profit was largely driven by strong growth in total operating revenues, which reached KD 24.20 million in the first half of 2025, representing a 41.13% increase from the KD 17.15 million recorded in the same period in 2024. Operating profit also saw a significant boost, rising 59.53% from KD 11.58 million to KD 18.47 million, while earnings per share increased 61.12% from 46.71 fils in the first half of 2024 to 75.27 fils for the period ended June 30, Group's total assets came in at KD 123.87 million as of June 30, 2025, which is a 9.26% increase over its KD 113.37 million total in 2024, while shareholders' equity attributable to equity holders of the parent company increased from KD 58.75 million as of June 30, 2024, to KD 66.20 million as of June 30, 2025, an increase of 12.68%.Boursa Kuwait's financial results for the first half of 2025 serve as a clear indicator of the company's strong financial position and the effectiveness of its operational strategies.'These results reaffirm Boursa Kuwait's capacity to navigate the complex geopolitical and economic challenges experienced worldwide while maintaining sustainable growth supported by revenue diversification and enhanced liquidity levels, which strengthens confidence in the exchange's operational efficiency and long-term resilience,' said Boursa Kuwait Chairman Mr. Bader Nasser Al-Kharafi.'This growth marks a significant milestone in our journey, giving us greater momentum to advance our development plans to modernize market infrastructure, diversify investment instruments and strengthen its appeal to both local and international investors. It also reinforces Boursa Kuwait's position as a key driver of economic growth and a major contributor to the state's vision of becoming a competitive financial and investment hub in the region, capable of attracting strategic and long-term capital from around the world,' he pave the way for Part Two of Phase Three of the Market Development Program, the Kuwaiti capital market apparatus has undertaken major enhancements to restructure its regulatory and operational infrastructure. Officially rolled out earlier this month, the phase reflects the close collaboration between Boursa Kuwait, the Capital Markets Authority, the Central Bank of Kuwait, Kuwait Clearing Company, local banks and investment and brokerage firms as well as their collective efforts to advance the development and sustainability of the Kuwaiti capital market and the national stressed that this achievement is the direct result of seamless collaboration across the capital market apparatus and a shared determination to create tangible value for investors, stating that Boursa Kuwait remains committed to accelerating growth and delivering transformative milestones that secure the long-term sustainability of the national economy, working closely with all stakeholders in the Kuwaiti capital market apparatus.'This breakthrough underscores the private sector's agility and effectiveness in advancing development and forging impactful partnerships with the public sector, further cementing Kuwait's position as a confident and rising regional financial hub,' he Boursa Kuwait Chairman concluded his statement, saying: 'On behalf of the Board of Directors, I would like to express my gratitude to our shareholders for their continued trust in the company and to executive management and employees for their unwavering dedication and commitment to excellence. I would also like to thank the Capital Markets Authority and the Ministry of Commerce and Industry for their ongoing support and collaboration, which have contributed to strengthening market stability and raising its standards.'My appreciation also goes to the investors, traders and market participants for their sustained confidence in Boursa Kuwait, reaffirming our commitment to deliver a superlative investment experience and working closely with the capital market apparatus to deliver greater milestones in the future,' he Kuwaiti capital market continued its upward trajectory in the first half of 2025, with traded value soaring by 90.39% from KD 6.63 billion in the first half of 2024 to KD 12.63 billion in the corresponding period in 2025, while traded volume rose by 82.95% from 27.03 billion shares to 49.45 billion shares. Meanwhile, average daily traded value increased by 95.31% from KD 55.73 million during the period ended June 30, 2024, to KD 108.85 million in the period ended June 30, 2025. Additionally, market capitalization reached KD 50.53 billion, marking a 23.20% increase from the total of KD 41.02 billion recorded during the first half of 'Premier' Market was a key driver of market activity, with value traded increasing 47.09% from its total of KD 4.99 billion in the first half of 2024 to KD 7.34 billion in the first half of 2025, with approximately 20.21 billion shares traded in the first half of 2025, an increase of 40.98% over the 14.34 billion shares traded in the period ended June 30, 2024. Meanwhile, the market capitalization in Boursa Kuwait's flagship market increased by 24.45% from KD 33.97 billion to KD 42.27 billion in the period ended June 30, 'Main' Market also played a significant role in enhancing overall market liquidity, as traded value increased by 221.36% from KD 1.65 billion to KD 5.29 billion in the first half of 2025, while trading volume increased from 12.69 billion shares in the first half of 2024 to 28.60 billion shares in the first half of 2025, an increase of 125.38%. Market capitalization, meanwhile, rose by 17.20% from KD 7.05 billion in the period ended June 30, 2024, to KD 8.27 billion in the period ended June 30, Kuwait's Chief Executive Officer Mr. Mohammad Saud Al-Osaimi praised the Kuwaiti capital market's performance during the first half of 2025, emphasizing that these results are an indication of the positive response to the operational and regulatory enhancements in the Kuwaiti capital market, noting Boursa Kuwait's commitment to developing a balanced and efficient investment environment that serves investors of all asset classes.'These positive indicators showcase the robustness of the Kuwaiti capital market's regulatory framework and our continued efforts to enhance infrastructure, diversify products and elevate the investor experience, further strengthening Boursa Kuwait's position as a catalyst for sustainable economic growth that meets the standards of investors across all segments,' he added.'The segmentation of the market plays a pivotal role in structuring trading activities to meet liquidity needs and accommodate a diverse investor base. The 'Premier' Market has maintained stable trading values, while the 'Main' Market has shown remarkable activity, reflecting heightened interest and interaction with the investment opportunities it offers,' he part of its ongoing efforts to strengthen the Kuwaiti capital market's global presence, Boursa Kuwait organized a series of roadshows and corporate days targeting the international investment community in collaboration with Kuwait Clearing Company. These included a virtual roadshow for asset managers in Asia in collaboration with HSBC, as well as an in-person roadshow in London in collaboration with Jefferies Financial Group. The events showcased Boursa Kuwait's journey since privatization and highlighted the key developments and investment opportunities within the Kuwaiti capital Boursa Kuwait participated in the fourth GCC Exchanges Conference, organized by HSBC in London, coinciding with its 15th Corporate Day, which featured eight companies listed on the 'Premier' noted that Boursa Kuwait continues to attract investors through its series of Corporate Days and Roadshows held in major financial capitals, reflecting the State of Kuwait's vision to emerge as a premier financial and investment hub in the added, 'Through active engagement with world-renowned investment banks, sovereign wealth funds, pension funds and asset management firms, the exchange has cultivated a robust investor base as institutional investors accounted for 65.08% of total participants, a testament to the Kuwaiti capital market's growing stability, enhanced liquidity, and increasing appeal to both local and international investors.'The Boursa Kuwait CEO concluded his remarks by thanking the Capital Markets Authority, Kuwait Clearing Company and market participants for their continued trust in Boursa Kuwait and its role as a vital contributor to the country's economic development and reaffirmed the company's commitment to expanding its range of products, enhancing market efficiency and accessibility, focusing on strong governance and transparency to further strengthen investor its inception, Boursa Kuwait has worked diligently to create a thriving capital market that attracts local and foreign investors through a broad spectrum of new products and services, infrastructure upgrades, and market reform initiatives, as part of its multi-phase market development company was fully privatized in 2019, the first government entity in the country to successfully undergo the process, bringing about greater levels of efficiency. Boursa Kuwait also self-listed in September 2020 and has made great strides in sustaining its operations and business continuity in the face of uncertainties and challenges. The company has rolled out numerous market reforms and new initiatives as part of its comprehensive multi-phase market development (MD) plans and showcases some of the standout listed companies and the investment opportunities that reside in the Kuwaiti capital market through its series of Roadshows and Corporate Days, putting these companies in touch with some of the world's leading investment firms and financial institutions and highlighting their financial health and business strategies and outlooks, to help investors gain an in-depth understanding of the benefits and opportunities of investing in Kuwaiti companies.
Kuwait Times
20-07-2025
- Business
- Kuwait Times
iMowazi: Kuwait's first registered digital securities-based crowdfunding platform
Almowazi Capital officially obtains approval from Capital Markets Authority KUWAIT: Almowazi Capital, a specialized financial services company offering brokerage and crowdfunding solutions, has officially obtained a securities-based crowdfunding approval from the Capital Markets Authority (CMA). The company will announce launching the iMowazi platform soon, becoming the first registered crowdfunding platform in Kuwait under CMA Resolution No (132) of 2025. This milestone enables Almowazi Capital to provide crowdfunding services in partnership with its strategic partner, the Arab Investment Company (subscription agent). This marks a significant step in establishing fintech companies in Kuwait under the provisions of the 19th Book issued by the CMA in 2024. Crowdfunding platform: New digital products for the market On this occasion, Almowazi Capital's Chairman and CEO Muhannad Al-Sane emphasized that the company is introducing a new market product: the iMowazi digital crowdfunding platform. This platform empowers companies issuing offers to reach investors and secure funding for their projects by issuing securities and transferring part of their equity to support business growth and future expansions. Requests from offer issuers will be accepted electronically through the platform, with preparations underway to launch their offers on iMowazi once all essential requirements are met. Enhancing investment and financing channels in a digital environment Almowazi Capital's Vice Chairman Raed Bukhamseen highlighted that in line with the CMA's establishment of the fintech activity, which requires collaboration and proactive engagement from the private sector to introduce innovative digital products, the company launched iMowazi to provide crowdfunding services. The platform connects entrepreneurs and successful project owners — who represent important investment opportunities — with investors, enabling these companies to boldly expand their businesses with a group of investors while enhancing market liquidity. Almowazi Capital Chairman and CEO Muhannad Al-Sane Almowazi Capital Vice Chairman Raed Bukhamseen Almowazi Capital Assistant Vice President Mohammed Al-Rasheed Platform services Regarding the services offered by the platform, Almowazi Capital's Assistant Vice President Mohammed Al-Rasheed stated that iMowazi provides transparency, ease, and speed, enabling offer issuers to present their projects once the main requirements are fulfilled. The platform categorizes investors into three types: retail, professional, and qualified investors, allowing each to participate according to their knowledge and market experience. The platform facilitates investor identification and information verification by linking with the Public Authority for Civil Information (PACI), providing an easy electronic Know Your Customer (KYC) process. On payment and funding speed, Al-Rasheed explained that the platform is integrated with an electronic payment gateway licensed by the Central Bank of Kuwait, ensuring a smooth and secure digital experience that guarantees investor participation in selected projects according to regulatory requirements. Acknowledgments In conclusion, Al-Sane, Bukhamseen and Al-Rasheed expressed their sincere gratitude to all employees at the Capital Markets Authority – Financial Technology Department, in Licensing and Registration Department supervision sector, for their professionalism and swift execution, which culminated in the successful launch of iMowazi. This achievement marks the platform as Kuwait's first digital platform for securities-based crowdfunding operations. 'Empowering companies to raise capital through securities issuance and equity transfer'
Zawya
15-07-2025
- Business
- Zawya
Boursa Kuwait to launch sukuk, bond trading in 2025
KUWAIT CITY - Chief Executive Officer (CEO) of Boursa Kuwait Mohammad Al-Osaimi said the timeline for debt instrument trading is proceeding as planned, indicating that sukuk and bonds will be traded in 2025. He affirmed that all technical tests for index funds and the bond and sukuk market have been completed, and the regulatory rules are currently being prepared and will be announced within the next few months. Al-Osaimi announced on the sidelines of the launch of the second part of the third phase of the Capital Market Development Program, which is a major milestone that reflects the market system's commitment to continue development per international best practices. Regarding the expected volume of debt instrument trading on the stock exchange, Al-Osaimi explained, 'The current value of commercial debt instruments does not exceed KD2 billion, but after the approval of the Debt Law, we aspire to list government bonds and sukuk'. He pointed out that the stock exchange has a development program extending over three or four years to introduce major updates to its trading system. He revealed 'we will begin testing the new trading system in the second half of 2026.' He stated that the stock exchange is cooperating with the Capital Markets Authority (CMA) to review several products to better present them, stressing that the introduction of the CCP and the Central Broker will help the stock exchange offer financial derivatives soon. He explained that these developments will lead to attracting foreign investments, coinciding with increased investor confidence. About amending the listing requirements on the main market, Al-Osaimi confirmed that 'when the reduction of listing requirements on the main market was approved by reducing the company's capital limit from KD15 million to KD5 million, we received numerous communications from subscription managers in this regard.' He anticipates listings shortly. He disclosed that two family companies are currently negotiating with the stock exchange for listing, explaining that the stock exchange intends to attract companies in various sectors, including commercial, government, and family businesses. He said the listing procedures and requirements are not easy, as companies are being reorganized and prepared for this step, which may require a period that may extend to several years. He clarified that there is currently no intention to list oil sector companies, disclosing that there have been discussions with the Public-Private Partnership Authority to list a government company such as North Al-Zour next year. He added, 'The launching of the second part of the third phase of the Capital Market Development Program -- the main station -- reflects the market system's commitment to continue development following international best practices.' He emphasized that 'this achievement is a qualitative shift in the development process of the market and it is the result of the concerted efforts of CMA, Central Bank of Kuwait, Kuwait Clearing Company, Boursa Kuwait, and our partners from banks, investment companies and financial brokerage companies.' He confirmed that this phase witnessed a comprehensive development of the operational and technical infrastructure, including strengthening the clearing and settlement system, upgrading and modernizing trading systems, and improving the market structure through the implementation of the 'Qualified Broker' model and the application of more accurate and transparent mechanisms for account management. He explained that this achievement affirms the readiness of the market for more advanced stages in the future, and a shared vision for an efficient and flexible financial market capable of supporting economic development and attracting investments. He confirmed Boursa Kuwait's commitment to continue this journey, in partnership with all stakeholders, to ensure sustainable development and enhance the position of Kuwait as an advanced regional financial center. On the other hand, Director of the Trading Department at CMA Khaled Al-Sahli stated that the second part of the third phase of the Capital Market System Development Program includes the provision of financial products. 'Trading and post-trading have been activated through the applicable systems, in addition to preparing the structure of the articles, executive regulations and the stock exchange rules,' he disclosed. Al-Sahli indicated that work is underway to approve the executive regulations after the completion of the rules and regulations for settlement and litigation in the Central Depository, which will happen soon. He asserted, 'This development step contributes to boosting confidence among foreign investors and increasing foreign inflows, especially with the implementation of the CPP.' He asserted that such steps taken by the Kuwaiti market open new horizons for brokerage firms. Abdul Karim Al-Yaqout – Director of Strategy and Product Development at Kuwait Clearing Company – pointed out that the third phase is the cornerstone in the process of developing the infrastructure for post-trade operations, led by CMA and implemented by Kuwait Clearing Company, in cooperation with Boursa Kuwait and the Central Bank of Kuwait. Al-Yaqout added that Kuwait Clearing Company plays a vital role in the areas of clearing, settlement, depository, collateral management and risk mitigation; thereby, contributing to the alignment of the Kuwaiti capital market with international standards, such as IOACO and PFMI. He affirmed that there is a reconciliation period extending six months from the start of the phase, in addition to another phase for transferring client funds to brokerage firms after obtaining their approval. He said a date has been set for this phase and July 17 is the deadline for this step Arab Times | © Copyright 2024, All Rights Reserved Provided by SyndiGate Media Inc. (
Arab Times
14-07-2025
- Business
- Arab Times
Boursa Kuwait to launch sukuk, bond trading in 2025
KUWAIT CITY, July 14: Chief Executive Officer (CEO) of Boursa Kuwait Mohammad Al-Osaimi said the timeline for debt instrument trading is proceeding as planned, indicating that sukuk and bonds will be traded in 2025. He affirmed that all technical tests for index funds and the bond and sukuk market have been completed, and the regulatory rules are currently being prepared and will be announced within the next few months. Al-Osaimi announced on the sidelines of the launch of the second part of the third phase of the Capital Market Development Program, which is a major milestone that reflects the market system's commitment to continue development per international best practices. Regarding the expected volume of debt instrument trading on the stock exchange, Al-Osaimi explained, 'The current value of commercial debt instruments does not exceed KD2 billion, but after the approval of the Debt Law, we aspire to list government bonds and sukuk'. He pointed out that the stock exchange has a development program extending over three or four years to introduce major updates to its trading system. He revealed 'we will begin testing the new trading system in the second half of 2026.' He stated that the stock exchange is cooperating with the Capital Markets Authority (CMA) to review several products to better present them, stressing that the introduction of the CCP and the Central Broker will help the stock exchange offer financial derivatives soon. He explained that these developments will lead to attracting foreign investments, coinciding with increased investor confidence. About amending the listing requirements on the main market, Al-Osaimi confirmed that 'when the reduction of listing requirements on the main market was approved by reducing the company's capital limit from KD15 million to KD5 million, we received numerous communications from subscription managers in this regard.' He anticipates listings shortly. He disclosed that two family companies are currently negotiating with the stock exchange for listing, explaining that the stock exchange intends to attract companies in various sectors, including commercial, government, and family businesses. He said the listing procedures and requirements are not easy, as companies are being reorganized and prepared for this step, which may require a period that may extend to several years. He clarified that there is currently no intention to list oil sector companies, disclosing that there have been discussions with the Public-Private Partnership Authority to list a government company such as North Al-Zour next year. He added, 'The launching of the second part of the third phase of the Capital Market Development Program -- the main station -- reflects the market system's commitment to continue development following international best practices.' He emphasized that 'this achievement is a qualitative shift in the development process of the market and it is the result of the concerted efforts of CMA, Central Bank of Kuwait, Kuwait Clearing Company, Boursa Kuwait, and our partners from banks, investment companies and financial brokerage companies.' He confirmed that this phase witnessed a comprehensive development of the operational and technical infrastructure, including strengthening the clearing and settlement system, upgrading and modernizing trading systems, and improving the market structure through the implementation of the 'Qualified Broker' model and the application of more accurate and transparent mechanisms for account management. He explained that this achievement affirms the readiness of the market for more advanced stages in the future, and a shared vision for an efficient and flexible financial market capable of supporting economic development and attracting investments. He confirmed Boursa Kuwait's commitment to continue this journey, in partnership with all stakeholders, to ensure sustainable development and enhance the position of Kuwait as an advanced regional financial center. On the other hand, Director of the Trading Department at CMA Khaled Al-Sahli stated that the second part of the third phase of the Capital Market System Development Program includes the provision of financial products. 'Trading and post-trading have been activated through the applicable systems, in addition to preparing the structure of the articles, executive regulations and the stock exchange rules,' he disclosed. Al-Sahli indicated that work is underway to approve the executive regulations after the completion of the rules and regulations for settlement and litigation in the Central Depository, which will happen soon. He asserted, 'This development step contributes to boosting confidence among foreign investors and increasing foreign inflows, especially with the implementation of the CPP.' He asserted that such steps taken by the Kuwaiti market open new horizons for brokerage firms. Abdul Karim Al-Yaqout – Director of Strategy and Product Development at Kuwait Clearing Company – pointed out that the third phase is the cornerstone in the process of developing the infrastructure for post-trade operations, led by CMA and implemented by Kuwait Clearing Company, in cooperation with Boursa Kuwait and the Central Bank of Kuwait. Al-Yaqout added that Kuwait Clearing Company plays a vital role in the areas of clearing, settlement, depository, collateral management and risk mitigation; thereby, contributing to the alignment of the Kuwaiti capital market with international standards, such as IOACO and PFMI. He affirmed that there is a reconciliation period extending six months from the start of the phase, in addition to another phase for transferring client funds to brokerage firms after obtaining their approval. He said a date has been set for this phase and July 17 is the deadline for this step
Kuwait Times
13-07-2025
- Business
- Kuwait Times
CMA adds a new chapter to Kuwait capital market's growth story
KUWAIT: The Capital Markets Authority's (CMA) decision No (101) of 2025 regarding the launch of the second part of the third phase of the Capital Market System Development Program (CMSDP) will come into effect, thus opening a new chapter in the development of the Kuwaiti capital market. This phase represents an extension of the previous phases of the program, but what distinguishes it is the depth of changes that fundamentally affect the infrastructure of the capital market, reflecting the CMA's commitment to implement Law No (7) of 2010. Since the issuance of Resolution No (101) of 2025 last June, the CMA has worked to complete all the necessary procedures to launch this phase, including issuing the required licenses. Among the most notable of these procedures is the granting of the license to practice the activity of a central broker to the Kuwait Clearing Company, making it the first entity in the Kuwaiti market to engage in this activity. The granting of this license is an important step in the development of the market, as it reflects the CMA's commitment to implement the provisions of Law No (7) of 2010, especially since this activity is being practiced for the first time despite the fact that it is one of the activities provided for the Clearing Company. In a related context, ten brokerage firms were upgraded to the 'Qualified Broker' model, which enhances their ability to provide a wider range of financial services and products to their clients within the capital market system. The technical systems for offering bonds and sukuk as well as ETF indices, have been developed and tested, and draft amendments to the executive regulations of Law No (7) of 2010 have been prepared in preparation for the launch of these products in the market. It is expected that this approach will contribute to diversifying and expanding the range of financial services and products available on the stock exchange, thus enhancing the attractiveness of the market to investors. Work is also underway to finalize the necessary regulatory rules to enable the concerned authorities to carry out these operations efficiently and effectively. On the supervisory side, this phase included the establishment of sub-account numbers within the consolidated accounts, whether for investment or electronic portfolios, which increases the efficiency of the authority's supervisory work on Boursa Kuwait's trading. Emad Ahmed Tefouni, Chairman of the Board of Commissioners and Chief Executive Officer, said: 'The Capital Markets Authority (CMA), represented by the Board of Commissioners and all its employees, is very pleased to launch the second part of the third phase of the Capital Market System Development Program, which is a new achievement added to the CMA's track record of development initiatives. This program is one of the pivotal strategic projects of the CMA, as it consists of four vital projects that contribute to enhancing the efficiency of the market. The CMA extends its sincere thanks and appreciation to the Central Bank of Kuwait, Kuwait Clearing Company, Boursa Kuwait, brokerage firms, and all stakeholders and teams involved in the implementation of this program inside and outside the CMA, for their sincere efforts and fruitful cooperation that had a great impact in achieving this achievement. Tareq Abdullateef AlShehab, Member of the Board of Commissioners stated the following: 'The completion of the third phase of the Capital Market System Development Program is an achievement to be added to the CMA's track record of development initiatives. This phase is characterized by its outputs that had a significant impact on the market structure, which included the launch of the 'Central Broker' service and the implementation of the 'Qualified Broker' model, in addition to the qualitative changes in the work mechanisms of the relevant authorities, such as the completion of cash settlements through the Central Bank of Kuwait system and settlement banks, and the establishment of the financial collateral chain. 'On this occasion, CMA extends its sincere thanks and appreciation to the Central Bank of Kuwait, Kuwait Clearing Company, Boursa Kuwait, all brokerage firms, custodians, investment firms, and all those working on the program's projects in the various participating entities.' In this context, CMA emphasizes that the launch of this phase does not represent the end of the development process, but rather a launch towards broader horizons and more comprehensive plans aimed at upgrading the capital market system and enhancing its efficiency and robustness, in line with the aspirations of the State of Kuwait in the financial and economic field.'
