The Ministry of commerce and industry has issued a decision allowing foreign investors to own and trade Kuwaiti banks’ shares.
Rafael Nadal married his childhood sweetheart of 14 years, Xisca Perello, at a castle in Mallorca on Saturday. Nadal,…1531 Views | the publication reaches you by | Kuwait Online
The latest move comes in accordance with decree 694/2018, which notes that non-Kuwaiti investors shall be allowed to own and trade in Kuwaiti banks’ shares.
The ministry added that the Capital Markets Authority said that its promotional tours in many countries and with many international investors generated inquiries about the ease of investing in the Kuwaiti market.
It pointed out that those foreign investors spoke about existence of obstacles or restrictions imposed on foreign investors, including the maximum percentage of non-Kuwaiti investors’ ownership in a single bank, which is supposed to not exceed 49 percent of the bank’s capital only after obtaining prior approval of the Cabinet and consulting the Central Bank of Kuwait.
Weatherford International plc (OTC-PINK:WFTIQ) announced it will showcase its best-in-market oilfield technologies for directional drilling, managed pressure drilling…1354 Views | the publication reaches you by | Kuwait Online
Do you have information you want to reach our readers?