Kuwait’s Capital Markets Authority (CMA) has granted a market maker licence to KFH Capital Investment Co, the investment arm of Kuwait Finance House (KFH), following the completion of all related requirements and procedures.

The operating system for KFH Capital’s market maker has passed the testing phase by Boursa Kuwait and is now ready, KFH Capital’s chief asset management officer, Abdullah Essa Al Ali, said in a press release on Sunday.

He further noted that the market maker system is in line with the best international practices and size of the Kuwaiti market.

As regards its role, the market maker will actively promote stocks’ liquidity and contribute to the value of the bourse in terms of diversified investment solutions and increasing the turnover.

Moreover, Al Ali commended the efforts exerted by Boursa Kuwait Securities Company to apply all standards and principles related to the implementation of market making, deeming this as a key step to elevate the Kuwaiti market to a leading position regionally and foster the country's bourse and economy alike.

KFH Capital is committed to offering top-notch sharia’ compliant investment solutions as part of its efforts in providing profitable investment opportunities to its clients.

Translated by: Amal A. Wahaab

Source: Mubasher

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