EFG Hermes and Boursa Kuwait Conclude Joint Virtual Investor Conference

Kuwait’s growing importance in emerging markets dates back to the 2019-2020 Emerging Markets Index updates, when Kuwait joined the most followed emerging market indices in the world. Subsequently, this broader investor exposure sparked fund manager interest and growth in assets under management to over $2 trillion, with the Premier market index delivering an annualized total return in USD by 17% over the past five years, comfortably beating the MSCI Emerging Market Index annualized return of 6%.

Noura Al-Abdulkareem, Head of Markets Sector of Boursa Kuwait, said: “Boursa Kuwait continues to provide opportunities for companies and investors through its series of Corporate Days, the eighth edition, which was held virtually and organized by EFG Hermes, reflects the role of the stock exchange in the growth of the Kuwaiti capital market and the national economy.

“We were delighted to host this virtual investor conference with our long-time partner Boursa Kuwait, as this progressive exchange continues to prove this is a market to watch. As global growth is set to slow in 2022, emerging markets are a preferred destination for investors, driven by economic reform activities and attractive valuations, making Boursa Kuwait an attractive destination.Apart from rising oil prices, investors are attracted by the Kuwaiti stock market given the strong recovery in consumption from the lockdowns imposed in 2020 and the prospect of IPOs Government initiatives to push further market reforms that could boost liquidity, such as the addition of margin trading, also strengthened the position of the Kuwaiti stock market, said Mohamed Ebeid, co-CEO of the bank of in EFG Hermes jacket.

“Volumes continue to increase thanks to strong retailer sentiment and growing foreign interest. In 2022, revenue averaged $210 million, compared to $179 million in 2021 and $144 million in 2020. The current oil price boom has fueled new foreign interest in the market, with foreigners who bought net $576 million in 1Q22 and $4.2 billion in the last three years. ” said Ahmed Waly, Head of Brokerage at EFG Hermes. “Boursa Kuwait has emerged as a leading regional stock exchange that follows international standards and believes in the role of the private sector in promoting the country’s economic development, and we expect it to achieve strong results over the period. to come,” he added.

Boursa Kuwait’s series of Corporate Days showcases some of the most notable listed companies and investment opportunities in the Kuwaiti capital market. Aiming to connect these companies with some of the world’s leading investment firms, asset managers and financial institutions, the events shed light on the companies’ financial health and business strategies, and provide investors with an in-depth understanding of the inherent investment opportunities.

Since its inception, Boursa Kuwait has worked diligently to create a credible exchange that promotes efficiency, transparency and a liquid capital market, through a progressive platform and a comprehensive set of changes that allow it to be competitive at the level international. Over the past five years, the company has rolled out numerous market reforms and new initiatives as part of its comprehensive multi-phase market development plans.

This is another virtual conference hosted by EFG Hermes since the COVID-19 outbreak, as the company leverages innovative platforms and continues to connect the investment community with businesses for insights. experts on hot topics and important insights from major capital markets.

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