Boursa Kuwait concludes its 14th Corporate Day in Dubai in collaboration with Jefferies Financial Group

• More than 65 meetings between seven Kuwaiti companies listed in the “Premier” Market and 39 prospective investors from world-renowned firms and investment companies

Dubai – November 27, 2024: Boursa Kuwait concluded its 14th Corporate Day, organized in collaboration with Jefferies Financial Group, a world-renowned global investment banking and capital markets institution. The event, which was held in Dubai, United Arab Emirates on 25-26 November, brought together representatives from seven companies listed in the “Premier” Market, including Boursa Kuwait, who conducted over 65 meetings with 39 potential investors representing investment banks, asset management firms, sovereign wealth funds, pension funds and other world-renowned financial institutions.

 In addition to Boursa Kuwait, representatives from the National Bank of Kuwait (NBK), Boubyan Bank, Mezzan Holding Company, Jazeera Airways, Mabanee and Kuwait Real Estate Company were also present, offering international investors valuable insights into these companies’ latest developments, financial performance, business strategies, and environmental, social, and governance (ESG) practices.

 On this occasion, Head of Markets Sector at Boursa Kuwait Noura Al-Abdulkareem emphasized that the Corporate Days form an integral part of the company’s ongoing efforts to foster stronger connections between Kuwaiti capital market issuers and international investors, underscoring Boursa Kuwait’s commitment to establishing a robust, efficient and sustainable capital market with high liquidity and enhanced transparency.

"Boursa Kuwait is dedicated to elevating the international profile of the Kuwaiti capital market by highlighting its compelling investment opportunities through a series of Corporate Days and roadshows, organized in partnership with prominent global financial institutions. These initiatives play a pivotal role in our strategy to foster stronger ties between listed companies and international investors, facilitating the inflow of foreign capital and enhancing the market's overall appeal. We remain steadfast in our commitment to building a transparent and efficient investment environment that aligns with investor expectations and contributes to the sustainable growth of Kuwait's economy," she said.

During meetings with potential investors, Boursa Kuwait showcased its key achievements, future outlook, and the market's recent performance. The company reported a robust 14.50% growth in net profits for the nine months ending September 30, 2024, amounting to approximately 14.43 million Kuwaiti dinars (USD 47.08 million). Net operating profits surged by 21.27%, reaching 17.93 million Kuwaiti dinars (USD 58.50 million), while total operating revenues increased by 16.42% during the same period, totaling 26.20 million Kuwaiti dinars (USD 85.48 million).

Commenting on Boursa Kuwait's participation, the company's Chief Financial Officer Mr. Naim Azaddin stated: "Corporate Days are a cornerstone of Boursa Kuwait's strategy, providing us with an invaluable opportunity to showcase the company's financial and operational performance to the international investment community and allowing us to present our key achievements and plans to potential investors. Boursa Kuwait delivered impressive results in the nine months ended September 30, 2024, recording increases in its net profit, net operating profit, and total operating revenue. These accomplishments underscore the success of the privatization of the exchange and solidify its position as one of the most prominent success stories in the financial sector across the Middle East." 

Participation in Corporate Days demonstrates listed companies' dedication to upholding the highest standards of investor relations, emphasizing the pivotal role such practices play in shaping forward-looking business strategies and strengthening their capacity for sustainable growth. These events provide an exceptional platform for investors to access critical information that informs their decision-making process. By facilitating a thorough and transparent review of financial and non-financial data, Corporate Days offer valuable, comprehensive insights into companies' current strengths and future potential, thereby fostering trust and confidence within the international investment community.

This Corporate Day represented the third collaboration between Boursa Kuwait and Jefferies Financial Group and the first in 2024. In 2023, the two entities collaborated on a non-deal roadshow in London with the Kuwait Clearing Company, which played a key role in launching several developmental projects to improve market access. Furthermore, they organized a Corporate Day in Dubai which featured the participation of 13 listed companies from the Kuwaiti capital market, further strengthening their commitment to fostering engagement with international investors.

Since its establishment, Boursa Kuwait has been dedicated to building a reliable and transparent exchange, creating a resilient and liquid capital market, and providing a sophisticated trading platform. The exchange has implemented extensive reforms and enhancements, elevating its status regionally and internationally. Moreover, the company has been pivotal in attracting local and foreign investors through innovative products, advanced infrastructure, and comprehensive market reforms.

Successfully privatized in 2019, Boursa Kuwait became the first government entity in the country to achieve this milestone, significantly enhancing its efficiency. Subsequently, the company was self-listed on the exchange in September 2020 and has since undertaken significant steps to maintain its excellence amidst market challenges.

 Over the years, Boursa Kuwait has introduced several capital market reforms and launched initiatives as part of its multi-phase development plans. The exchange has promoted the Kuwaiti capital market in major global financial capitals, engaging with leading international banks, investment firms, sovereign funds, and other entities. Through a series of roadshows and Institutional Days, Boursa Kuwait continues to highlight the unique investment opportunities available in the market and the strengths of listed companies. These efforts aim to provide institutional investors with deeper insights into the advantages and opportunities within the Kuwaiti market.