The Kuwait Stock Exchange announced said today it is ready to list and trade Exchange-Traded Funds (ETFs) and fixed-income instruments such as sukuk and bonds, with the necessary rules and regulations for these products to be issued shortly.
In a press release, the exchange confirmed that it had finalized the technical infrastructure and IT environment to support these listings, and successfully completed all required testing in collaboration with relevant authorities, reports Al-Jarida daily.
In a related development, the Capital Markets Authority (CMA) revealed it had granted the Kuwait Clearing Company a license to operate as a central broker, marking the first authorization of its kind in the Kuwaiti market.
The CMA stated that this move aims to enhance market infrastructure efficiency, increase transparency, and reduce systemic risk.
Additionally, the CMA announced that ten financial brokerage firms had been successfully upgraded to the “qualified broker” model, enabling them to offer a broader range of financial products and services to investors within the capital market framework.
