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  • 15-12-22

    Saudi Tadawul, Boursa Kuwait ink MoU to grow collaboration for capital markets

    (MENAFN) In an action to boost the expansion of capital markets in Kuwait and Saudi Arabia, the share trades in both nations have inked an agreement that is going to witness the two sides growing their collaboration in sectors of joint interest.

    Under the fresh memorandum of understanding, the Tadawul Group, the owner of the nation’s benchmark share exchange, as well as Boursa Kuwait is going to operate in the path of improving economic technology and outputs, whereas cooperating for sustainability, in addition to environmental, social and governance reporting and execution, as mentioned in a press statement.

    The agreement is going to support cross-listing of firms on both markets as they are going to look to synergize their works in the sectors of economic literacy and surge awareness between market members from the two nations.

    Khalid Al Hussan, chief executive of Saudi Tadawul Group, stated that “We are confident that our new partnership with Boursa Kuwait is another step towards championing a diverse, interconnected and advanced capital market in Saudi Arabia and the Middle East.”

    MENAFN15122022000045014228ID1105311659

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