تفاصيل الخبر الصحفي

Riyadh, 13 December 2022 – The Saudi Tadawul Group signed a memorandum of understanding (MoU) with Boursa Kuwait to exchange information, explore ESG and increase diversity and inclusion in both markets, while advancing the growth of each country’s capital markets. The MoU was signed as part of Boursa Kuwait’s visit to Saudi Tadawul Group.

The agreement includes exploring opportunities in fintech, ESG, data and research. Other avenues of collaboration include concurrent and dual-listings, IR initiatives and developing the infrastructure of both capital markets. The partnership extends to knowledge sharing in listing family businesses and SMEs. 

Eng. Khalid Al Hussan, CEO of Saudi Tadawul Group, said: “We are confident that our new partnership with Boursa Kuwait is another step towards championing a diverse, interconnected, and advanced capital market in Saudi Arabia and the Middle East. Today’s agreement comes in line with our commitment to elevating the Saudi Capital Market for regional and international investors, while facilitating greater connectivity with other exchanges in the GCC. We look forward to using this collaboration to encourage further knowledge sharing between Saudi Arabia and Kuwait and enhance the experience for all market participants”. 

Boursa Kuwait’s Chief Executive Officer, Mr. Mohammad Saud Al-Osaimi, also spoke on the occasion, saying, “We value the ongoing cooperation between the Kuwaiti capital market and its Saudi counterpart since its inception, and the signing of the memorandum of understanding today is an indication of our long-term partnership to develop the market and enhance the investment environment locally and across the region. Guided by our strategy, we at Boursa Kuwait work towards creating an attractive investment environment and an adaptable, solvent capital market with high levels of transparency, that is able to attract more and more investors from the region and around the world. Through this MoU, we hope to broaden cooperation and knowledge transfer across the Gulf’s markets in what benefits these markets and the national economies of all parties.” 

The collaboration is part of Saudi Tadawul Group’s commitment to Vision 2030’s Financial Sector Development Program that aims to diversify and enhance the Saudi capital market, placing it firmly on the global stage as the gateway to the MENA region for issuers and investors. 

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