Kuwait: Boursa Kuwait has announced today its membership with the Federation of Euro-Asian Stock Exchanges (FEAS), which facilitates its integration with global financial markets and exchanges.

Through this membership, Boursa Kuwait will be a member of a federation that gathers exchanges from Europe, Asia and the Mediterranean and allows Boursa Kuwait to benefit from FEAS scope of activities, which will bring invaluable benefits to its members including awareness sessions, access to research, analysis and data, as well as widening the network.

Commenting on the earned membership, Boursa Kuwait CEO Mr. Khaled AbdulRazzaq Al Khaled stated: “Today’s significant announcement gets us a step closer towards fulfilling our key objective to become a leading regional stock exchange, and reflects Boursa Kuwait’s commitment to implementing the highest standards of international best practices and its efforts to establish a sound regulatory and technological infrastructure, to meet global standards, as well as position Boursa Kuwait for future growth.”

FEAS Chairman Mr. Mohamed Farid Saleh stated: “It is our pleasure to announce during FEAS's 25th Extraordinary General Assembly that Boursa Kuwait's application is approved and awarded full membership. We would like to congratulate Boursa Kuwait for joining FEAS community as a full member. We look forward to beneficial and prosperous collaboration.”

Since its establishment in 2014, Boursa Kuwait has been committed to raising the standards of the Kuwaiti capital market, facilitating the development of a sound, internationally recognized, leading regional stock exchange.

About FEAS

The Federation of Euro-Asian Stock Exchanges (FEAS) was established on 16 May 1995 in Istanbul with 12 founding members. During the Extraordinary General Assembly Meeting of the Federation held on May 16, 2017 in Tehran, it was decided to move the Federation's headquarter from Istanbul, Turkey to Yerevan, Armenia. The purpose of the Federation is to contribute to the cooperation, development, support and promotion of capital markets in the Euro-Asian Region (i.e. Europe, Asia and the Mediterranean Basin).

To learn more, visit: www.feas.org

About Boursa Kuwait

Boursa Kuwait is a Kuwaiti public shareholding company established in April 2014, with the aim to take over and manage the Kuwait stock Exchange and progressively transition its operations, while delivering on three main fronts; transparency, efficiency and accessibility.

Officially licensed on 4th October, 2016, Boursa Kuwait’s mission is to upgrade the exchange infrastructure and business environment to international standards and create a robust, transparent and fair capital market platform that services all relevant asset classes, whilst focusing on clients’ interests.

Its mission driven strategy focuses on developing the overall market status and addressing market needs through the provision of investment tools, restructuring the market to increase its competitiveness and liquidity, and attracting investments with a view to issue an IPO to Kuwaiti citizens.

Boursa Kuwait was founded by a decision of the Capital Markets Authority (CMA) Commissioners’ Council, under resolution No. 37/2013, dated 11/20/2013.

For detailed information on Boursa Kuwait, visit www.boursakuwait.com.kw

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