HSBC Exchange summit credits Boursa Kuwait’s positive expans...| MENAFN.COM

Wednesday, 17 August 2022 08:28 GMT

HSBC Exchange summit credits Boursa Kuwait’s positive expansion plan


(MENAFN) Boursa Kuwait was credited by international stockholders for its positive expansion plan that witnessed a major increase in net incomes in the year to date, at a meeting that was held by HSBC in London, previously this month.

The expansion in the rest of the GCC was also recognized as a strong local financial catalyst for the district and beyond.

Stephen Moss, Regional head Executive for the Middle East, North Africa and Turkey (MENAT) stated that “Having world class global banking and markets capabilities in the Middle East is how we helped clients in the region raise more than USD19 billion from investors worldwide in 2021, placing us on top of Bloomberg’s equity and debt rankings in 2021.”

Samer Alabed, head Executive Officer of HSBC Kuwait mentioned that “The private sector has contributed to the development of a reliable and sound capital market infrastructure and increased liquidity levels here in Kuwait, reinforced by best-in-class international standards and practices. HSBC plays an important role in introducing innovative products and services and attracting investors to this region from all over the world.”

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