Title: Press Release: The Capital Markets Authority in the State of Kuwait Hosts the 30th Meeting of Heads of Capital Markets Authorities Committee (or their equivalent) in GCC Countries

Kuwait, April 21, 2025- The Capital Markets Authority (CMA) hosted the works of the 30th meeting of the Heads of Capital Markets Authorities Committee (or their equivalent) in GCC countries, on Monday 21^st April 2025, in the State of Kuwait. The meeting was chaired by, His Excellency Mr. Emad Ahmed Tifouni- Chairman of CMA Board of Commissioners - Managing Director (Charing State- State of Kuwait) with the participation of His Excellency Mr. Khaled Bin Ali Al-Sunaidi, Assistant Secretary General for Economic and Development Affairs at the General Secretariat of the GCC, , and their Excellencies, the Heads of the Boards of Directors (or their equivalent) and the GCC General Secretariat, His Excellency Mr. Waleed Saeed Al Awadhi, CEO of Securities & Commodities Authority (UAE), Mr. Ali Haroon Alaamer Director of Capital Markets Supervision Directorate - Central Bank of Bahrain - Kingdom of Bahrain, His Excellency Mr. Youssef Bin Hamad Al-Bilihid, Vice Chairman of the Capital Market Authority Board – Kingdom of Saudi Arabia, His Excellency Dr. Tamy Ahmad Ali Al-Tamy Al Binali - CEO of the Qatar Financial Markets Authority - State of Qatar, His Excellency / Abdullah Bin Salem Al-Salmi - CEO of the Capital Market Authority - Sultanate of Oman, Ms. Rayan Mohammad Alzaid- Vice Chairman of CMA Board of Commissioners – The State of Kuwait.

This periodic meeting takes place among the member states to follow-up on the developments and updates between the regulatory bodies of capital markets. The meeting commenced with an opening speech by His Excellency Mr. Emad Ahmed Tifouni- Chairman, where he welcomed the participating guests, representatives of the Secretariat, besides the regulatory authorities of GCC capital markets representatives, praising their keenness to ensure success of the directions to enhance joint cooperation, as a fundamental step towards achieving effective and sustainable economic integration. He emphasized the CMA’s commitment to support the Council’s progress and working hand in hand with our associates to achieve the goals and aspirations of the GCC countries, wishing the meeting success in achieving its desired objectives. This was followed by a speech by the Assistant Secretary-General, and then the meeting addressed the agenda, which began with following up on the implementation of the initiatives referred to the Capital Markets Committee (Gulf Securities Exchanges). The Committee then reviewed the minutes of the meetings of the Financial Markets Integration Strategy Working Group, the Working Group of Specialists in Communication and Investor Awareness, and the Working Group of Training and Studies Officials at the Financial Market Regulators in the GCC countries.

The Committee also discussed the Secretariat memo regarding the developments in implementing passporting, and methods to accelerate commencing regulations and activate the framework, and then reviewed the Secretariate’s implementation of the resolutions issued during the 29^th meeting, in addition to the executive plan prepared by the Secretariat to complete the initiatives that will contribute to strengthening coordination between the regulating entities of the GCC capital markets.

His Excellency Mr. Emad Ahmed Tifouni, concluded the meeting by thanking the participating representatives of the financial market regulators in the GCC countries, and their commitment to fostering joint cooperation across all aspects. He also appreciated their determined efforts to ensure the success of the 30th meeting and enrich its discussions for the benefit of all parties.

Ends-
Notes to Editors:
The Capital Markets Authority was established pursuant to Law No. 7/2010, approved by the Kuwaiti Parliament in February 2010. Pursuant to the Law, the CMA 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 CMA's Law.
Furthermore, the Law's provisions stipulate the supervision of mergers, acquisitions, and disclosure operations. The CMA also aims to provide awareness programs related to securities activities.
For further information, please contact:
Public Relations & Media Office
Tel: 1888898
Email: pr-media@cma.gov.kw