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April 21, 2015 4:52 AM ET

Diversified Financial Services

Company Overview of Kuwait Stock Exchange

Company Overview

Kuwait Stock Exchange operates as a stock exchange that provides investment protection for investors and depositors. The company was founded in 1962 and is based in Kuwait City, Kuwait.

Mubarak Al-Kabeer Street

Safat

Kuwait City,  13083

Kuwait

Founded in 1962

Phone:

965 22423130

Fax:

965 22413538

Key Executives for Kuwait Stock Exchange

Kuwait Stock Exchange does not have any Key Executives recorded.

Kuwait Stock Exchange Key Developments

Kuwait Stock Exchange Mulls IPO

Kuwait Stock Exchange is seeking an IPO. “The Kuwait Stock Exchange may offer up to 44% of its shares to a company that has experience in operating bourses when it goes public,” a senior government official told Reuters on March 26, 2015. “Kuwaiti lawmakers voted on March 25, 2015 to amend the ownership structure for the impending initial public offering (IPO) of the bourse,” Faisal al-Shaya, head of the Kuwait's parliament's economic and financial committee, told Reuters by telephone. “A second and final vote on the law is expected at the next parliament session in two weeks, or a decision may be taken earlier by the economic and financial committee on behalf of the lawmakers,” Faisal al-Shaya said. “The IPO will take place once the amendments are passed,” Faisal al-Shaya added. Under the plan passed on March 25, 2015, 50% of the bourse's shares will be offered to Kuwait's citizens. The remaining stock will be split between government entities, which will be entitled to own between 6% and 24 % of the bourse's shares, while a company with experience in managing bourses may own from 26% to 44%.

CMC Limited Wins a Legal Case against Kuwait Stock Exchange

CMC Limited has won a legal case against Kuwait Stock Exchange. KSE had terminated the contract with CMC in September 2006, against which CMC filed a legal case in the courts of Kuwait. The Cassation Court of Kuwait, which is the judicial authority in Kuwait, delivered the judgment in favor of CMC and has ordered KSE to pay CMC a sum of KWD 2.17 million along with interest at the rate of 7% per annum from the original date of order from the lower court.

Kuwait Stock Exchange Presents at 5th Annual Middle East Securities Forum, Mar-11-2014 12:15 PM

Kuwait Stock Exchange Presents at 5th Annual Middle East Securities Forum, Mar-11-2014 12:15 PM. Venue: Al Bustan Palace, Ritz Carlton, Muscat, Oman. Speakers: Isaam Al Usaimi, Head - Projects Management Office.

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