Boursa Kuwait commences promoting tour in London Wednesday

KUWAIT, Kuwait Boursa Company will commence tomorrow (Wednesday) its first promoting tour in Londo , the United Kingdom, in cooperation with the Goldman Sachs Group for financial and investment services, with participation of many banks and local companies to shed light on investment opportunities in Kuwait.

Boursa Kuwait Executive Director Khaled Al-Khaled said in a press release on Tuesday that the administration is keen on offering full opportunity to Kuwaiti companies listed in the Boursa to communicate with international investors in competence with its continuous efforts, aimed at developing the market and meeting international criteria.

The tour will shed light on investment opportunities in the country as well as opportunities offered by the participating local companies, he added.

It will also spread awareness of the remarkable development fulfilled by Boursa Kuwait that would contribute to creating more transparent and active financial markets, he said.

Kuwait Bank of Kuwait (NBK), Kuwait Finance house (KFH), Burgan Bank, Zain Telecommunications Company (Zain), Kuwait Projects Company (Holding) (KIPCO, Almabani Company, Mezzan Holding’s, and Human Soft Holding Company, are participating in the event, as choosing such banks and firms is based on financial performance, he said.

This promoting tour will also contribute to enhancing the economic situation in Kuwait and reflecting the distinguished international position of Kuwait that comes in competence with Kuwait 2035 vision and national development, he added.

The attracting factors Kuwait offers to the foreign investors include position economic indicator, political stability, modern regulations as well as applying the latest technology in the domain.

Boursa Kuwait’s latest participation in the HSBC Middle East North Africa (MENA) Investors forum held in New York, is part of future participation in similar events.

Al-Khaled stressed on Boursa Kuwait’s keenness on developing Kuwait financial market and offering means of reaching capitals and investors through various revenues that will make Boursa Kuwait a leading financial market at the regional level.

Boursa Kuwait launched lately the second phase of market’s division and developing plan, as well as adopting a new system for the markets’ indices and trading breaks.

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm’s headquartered is in New York and maintains offices in all major financial centers around the world.

Source: Kuwait News Agency