Boursa Kuwait said the Emerging Companies Market is ready for launch and will start accepting listing applications after completing successful technical tests in bid to broaden the country's capital markets. The ECM will be offering smaller and high-growth companies with a dedicated platform to access capital.
Boursa Kuwait is stepping up efforts to develop the country's fixed-income market, hosting a webinar on bonds and sukuk in partnership with the CFA Institute after the Capital Markets Authority introduced rules governing their listing and trading on the exchange.
Boursa Kuwait, the country's stock exchange, said it has won approval from the Capital Markets Authority (CMA) for its proposed rule amendments, alongside the issuance of a resolution establishing a comprehensive regulatory and legislative framework for bonds and sukuk.
Trolley General Trading, a leading convenience-led grocery retailer based in Kuwait City has begun trading on Boursa Kuwait’s Premier Market, raising gross proceeds of KD59.5 million ($195 million). Based on the final offer price, its market capitalisation now stands at KD170 million ($552.6 million).
Boursa Kuwait has signed a strategic partnership with Injaz Kuwait, a non-profit organisation, to launch four specialised programmes that will aim to empower more than 800 students with financial knowledge and entrepreneurial skills in 2026.
Action Energy Company (AEC), a leading Kuwaiti onshore drilling and oilfield services provider, has begun trading on Boursa Kuwait’s Premier Market following the completion of its private placement. It raised KD55.1 million ($180 million) from local and international investors.
