Boursa Kuwait Making Changes to Meet With MSCI Requirements, Says CEO

The transcript discusses the progress made on issues raised by MCI, strategies to attract investors despite high valuations, and the challenges of IPOs in Kuwait, including Sharia compliance. It highlights market risks like global trade tensions and opportunities such as the Saudi Aramco IPO. Future IPO projections and economic diversification efforts are explored, along with the potential impact of an MSCI upgrade on inflows.

What were the two main issues raised by MCI that needed addressing?

• Regulatory compliance and market volatility

• Market liquidity and investor confidence

• Currency exchange rates and inflation

• Omnibus account structure and Ascendant Cross

How is the Kuwaiti market planning to attract more investors?

• By reducing market fees

• By offering tax incentives

• By adding more issuers and IPOs

• By increasing dividend payouts

What is the main reason for restricting share offerings to locals in Kuwait?

• To comply with international regulations

• To prevent foreign market influence

• To boost local economic growth

• To allow citizens to participate in privatization

What is a significant risk for emerging markets mentioned in the transcript?

• Political instability

• Currency devaluation

• High inflation rates

• Global trade tensions

What is the Kuwaiti government's strategy to diversify the economy?

• Increasing oil production

• Implementing strict trade policies

• Focusing on technology innovation

• Taking the privatization path

What is the expected inflow from the MSCI upgrade?

• $5 billion

• $2.723 billion

• $10 billion

• $1 billion

What is the minimum oil price below which Kuwait might feel economic pain?

• $40

• $60

• $70

• $50