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Title: The Fifteenth Meeting of the Heads of GCC Capital Markets Authorities Committee (or Equivalent)
Date Publish
25 September 2016
Kuwait - September 25, 2016, the fifteen meeting of the GCC Capital Markets Authorities Committee has held its meeting in Riyadh. The CMA delegation was headed by Dr. Nayef Al- Hajraf - Chairman of CMA Board of Commissioners & Managing Director, accompanied by Mr. Zaid Khaldoon Alnaqeeb - Director of the office of strategies, and Mr. Moayed Adnan Al-Shakhs - Director of the Managing Director’s office, along with the GCC members’ heads of Authorities and the Secretariat General of the GCC.
The opening speech was given by Dr. Abdul Rahman bin Mohammed Al-Barrak – member of the Capital Market Authority in Saudi Arabia, in which he greeted the participants, and emphasized that this meeting enhances the achievements of the GCC. Efforts must gather in order to develop and protect the capital markets, and achieve the objectives laid by the ministerial committee.
After that, Mr. Abdullah bin Juma Al – Shibli - GCC Assistant Secretary General for Economic Affairs, gave his speech in which he emphasized the importance of the discussed topics, in particular the project of the strategies and mechanisms of achieving integration in the GCC capital markets, in addition to the recommendations presented by the supervision work team and the reports of the Secretary General. Additionally, he pointed that these topics shall achieve the ministerial committee’s objectives in unifying the regulations and policies in the GCC markets.
Clarification to Editors
The Capital Markets Authority was established pursuant to Law No. 7/2010, approved by the Kuwaiti Parliament in February 2010, and amended by Law No. 108/2014. Pursuant to the Law, the Authority shall regulate and supervise the securities activities, achieve transparency and fairness, observe listed companies’ execution of Corporate Governance Regulations, and protect investors from unfair practices which violate the Authority's Law.
Furthermore, the Law's provisions stipulate the supervision of mergers, acquisitions, and disclosure operations. The Authority also aims to provide awareness programs related to securities activities.
For more information, kindly contact
Public Relations & Media Office
Tel: 22903062
Fax: 22903505
Email: pr-media@cma.gov.kw
The Capital Markets Authority was established pursuant to Law No. 7/2010, approved by the Kuwaiti Parliament in February 2010, and amended by Law No. 108/2014. Pursuant to the Law, the Authority shall regulate and supervise the securities activities, achieve transparency and fairness, observe listed companies’ execution of Corporate Governance Regulations, and protect investors from unfair practices which violate the Authority's Law.
Furthermore, the Law's provisions stipulate the supervision of mergers, acquisitions, and disclosure operations. The Authority also aims to provide awareness programs related to securities activities.
For more information, kindly contact
Public Relations & Media Office
Tel: 22903062
Fax: 22903505
Email: pr-media@cma.gov.kw
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