August 15, 2022

Dubai Week

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An understanding between the "Abu Dhabi Stock Exchange" and the "Kuwait Stock Exchange" to improve cash flow

An understanding between the “Abu Dhabi Stock Exchange” and the “Kuwait Stock Exchange” to improve cash flow

Abu Dhabi: “Gulf”
Boursa Kuwait and Kuwait Clearing Company sign a Memorandum of Understanding with Abu Dhabi Stock Exchange
The two sides agreed to promote and facilitate cooperation between them in the areas of data and legislative regulation and to improve the financial culture of investors in both financial markets, with the aim of improving cash flow in both markets and expanding investment opportunities for investors.
Ambassador of the United Arab Emirates to the State of Kuwait Dr. Mathar Hamad Al Nayadi said: “The agreement signed between the two markets will help strengthen mutual benefit, facilitate trade and investment from the United Arab Emirates and sister Kuwait, and strengthen existing strategic partnerships. Organizing procedures and distribution process for double-listed companies Profits, which leads to expanding the boundaries of economic cooperation between the two sister countries.
Hisham Khalid Malik, Chairman of the Board of Directors of the Abu Dhabi Securities Exchange, said: This opens a wide door of opportunity for them, which will contribute to achieving sustainable growth. Increasing liquidity in the economies of both countries.
Commenting on the occasion, Hamad Mishary Al-Humaidhi, Chairman of Boursa Kuwait’s Board of Directors, said, “Since its inception, Boursa Kuwait has been interested in developing and developing the Kuwaiti capital market to highlight investment opportunities. Solutions in it. Through this memorandum, we look forward to strengthening cooperation with the fraternal United Arab Emirates and attracting investors – locally, regionally or globally – to the Kuwaiti and Emirati financial markets and contributing to the prosperity of both countries’ economies. Countries. “
Saeed Hamad Al Taheri, Managing Director and CEO of the Abu Dhabi Securities Exchange, said: “We are pleased to see the launch of the joint venture and the strengthening of ties with Porsche Kuwait and the Kuwait Clearing Company. Partnerships with international stock markets are key pillars of ADX One’s strategy because this partnership will not only increase our reach for global investors, but also enhance market performance and achieve success for all parties.
According to Fahd Abdul Rahman Al Mukazeem, Chairman of the Board of Directors of Kuwait Clearing Company, he said: “We are pleased with this partnership between the two fraternal Kuwaiti and Emirati parties and consider it an encouraging start to the exchange. We seek Kuwait Clearing to open new frontiers to enhance business cooperation and establish long-term investment, despite the experiences and perspectives of improving the financial markets in both Kuwait and Abu Dhabi, despite the effects of the global epidemic of the corona virus. Relations with all partners in the region, in the world in general. “

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