Boursa Kuwait hosts delegation from ‘prominent’ Chinese firms
The visit to the Kuwait Stock Exchange was organized in cooperation with ARTE Capital Group, an Asia-based asset management company headquartered in Hong Kong with offices in Abu Dhabi and Shenzhen. The Chinese delegation expressed great interest in listing their respected companies or subsidiaries on the stock exchange.
Company representatives also praised the Kuwaiti capital market as an efficient market that operates in accordance with the best internationally approved standards and practices and enjoys a good reputation as a leading company in the region. Companies interested in expanding their business operations in the region visited the Kuwait Investment Authority (KIA) and the Kuwait Direct Investment Promotion Authority (KDIPA) as well as the Kuwait Stock Exchange.
Throughout the visit, the delegation learned about the advantages of listing opportunities in the Kuwaiti capital market provided by the Kuwait Stock Exchange. In addition, they were briefed on solutions designed for global companies, which enable them to list on the Kuwait Stock Exchange without prior listing requirements in their home countries. Representatives of Boursa Kuwait stressed the bourse’s stringent standards, operational practices, and the comprehensive range of products and services available to investors and issuers of securities.
Furthermore, the company continuously supports the Kuwaiti capital market through institutional days, promotions and field visits to entities expressing interest in listing. He added: “As part of its commitment to contribute to the diversification and growth of the national economy, Boursa Kuwait constantly seeks to enhance cooperation with international companies and highlight the opportunities that the Kuwaiti capital market provides to both exporters and investors. Noura Al-Abdulkarim, Head of Markets at Boursa Kuwait, said: “We were pleased to host representatives of Chinese companies, and we will continue to communicate with these companies to encourage their listing.”
This visit follows similar visits organized by Arte Capital for Chinese delegations to the UAE and Saudi Arabia over the past few years. The company plans to raise a US$1 billion ARTE China-Arab Strategic Fund to invest in Chinese companies planning to expand in the Middle East, which will be supported by ARTE Capital investors. Arti Capital Group Chairman, Mr. Ethan Chan, also commented on the visit, saying: “The visit to Boursa Kuwait was very useful, allowing Chinese companies to learn more about the regulatory framework, market dynamics, and investment opportunities within the Kuwaiti capital market. We look forward to the results of this fruitful cooperation and hope to see more Chinese companies establishing their presence in the GCC countries.
- For more: Elrisala website and for social follow us on Facebook
- Source of information and images “arabtimesonline“
