Boursa Kuwait

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Boursa Kuwait

Name Boursa Kuwait
Country Kuwait
Number of listed companies 167
Domestic market capitalization 136620.46 million US$
SSE Partner Exchange Yes
Has annual sustainability report Yes

2021 Sustainability Report
ESG reporting required as a listing rule No
Has written guidance on ESG reporting Yes
Offers ESG related training Yes

  • Sustainability action plan, December 2017
  • Group engagement sessions presenting the business case of sustainability and how investors use ESG information.
  • Individual engagement sessions with top tier listed issuers to ensure progress on adoption in sustainability reporting.
  • Training sessions for senior executives on the business case of sustainability and its implications.
Market covered by sustainability-related index No

  • Boursa Kuwait has plans to set an ESG index to further stimulate ESG disclosure among listed issuers.
Has sustainability bond listing segment No
Has SME listing platform No
Women on boards mandatory minimum rule No
Additional information
  • Boursa Kuwait has partnered with Sustainability Excellence – a leading provider of sustainability reporting, research, and advisory services in the Middle East – to support Boursa Kuwait and its issuers in their sustainability journey. (Source).
  • Through an external service provider, every listed company in the main market has independently received a comprehensive and free ESG assessment of current ESG performance.
  • Sustainability is listed as key element within corporate governance framework.
Organizational model of stock exchange
  • Unlisted private company for profit – demutualized in October 2016.
Regulatory bodies

Regulatory model

Limited Exchange Self-Regulatory Organization (SRO) Model

  • Boursa Kuwait has a basic level of regulatory authority. However, Capital Markets Authority (Kuwait) is the overall regulator of Boursa Kuwait.
About the stock exchange

Location: Kuwait City, Kuwait

  • Boursa Kuwait is the private entity that was established in April 2014 with the aim to manage the exchange and progressively develop Kuwait’s stock market operations, while delivering transparency, efficiency and accessibility.Boursa Kuwait’s strategic approach focuses on the development of investment tools, restructuring the market to increase its competitiveness, working to increase liquidity, and attracting investments.To ensure its successful transition, Boursa Kuwait has brought in a pool of experts and has devised a specific transition strategy. This strategy focuses on ensuring smooth progress as the company’s services expand and on enhancing the overall status of the Kuwait market. It addresses market needs by introducing new products and tools, and upgrading Kuwait Stock Exchange’s infrastructure and business environment to international standards. Through this approach Boursa Kuwait is creating a robust, transparent and fair capital market platform that serves all relevant asset classes, whilst focusing on clients’ interests. For more information on Boursa Kuwait, please click here.

Criteria for Stock Exchange Database

The SSE maintains a database of sustainability activities for all stock exchanges that are either members of the SSE initiative and/or members of the World Federation of Exchanges. This database is the most comprehensive database of stock exchanges worldwide and contains data on all main stock exchanges. The information in this database is intended to inform investors and other stakeholders on the work stock exchanges are undertaking to advance sustainability in their respective markets.

The information provided in this database is based on publicly available information prepared by the SSE Secretariat with input from stock exchanges in most instances. Sources and explanatory notes on sustainability information have been included in individual Stock Exchange Fact Sheets. The criteria for each category can be found below.

While every effort is made to keep the information in this database up to date, please be aware that certain factors change frequently and therefore may not be exact, such as the number of listed companies or market cap.

Field

Criteria Considered
Country Country of primary residence or registration
Has signed the SSE Commitment Letter? To be considered an SSE Partner Exchange, the CEO or Chairperson of the exchange must sign an SSE commitment letter. Contact the SSE for more information if your exchange would like to join.
Has annual sustainability report? For a yes, stock exchanges must report, either in a stand alone report or integrated into their financial report, on their environmental and social impact and corporate governance.
ESG reporting required as a listing rule? For a yes, all three factors have been considered (environmental, social and governance) within the listing rules for some or all listed companies. This requirement may come from the regulatory authority or the exchange, depending on the market.
Offers written guidance on ESG reporting? For a yes, all three factors have been considered (environmental, social and governance). The SSE has developed a model guidance that all exchanges can use to develop their own guidance to issuers. For more details, click here.
Offers ESG related training? For a yes, training must have taken place in the previous 12 months, and must be interactive. The topic of the training must be on some area of sustainability.
Market covered by sustainability-related index? Sustainability-related indices may include environmental or social  indices, or ESG indices. This could include specific themes, such as low carbon indices, or general sustainability indices. The index must be specific to the market the exchange operates in (a region or world index is not included).
Has sustainability bond listing segment? For a yes, the exchange has developed the rules and regulations allowing for sustainability bonds to be listed, and provides a separate segment for listing making the bonds easy to find and identify.
Has an SME listing platform? For a yes, the exchange offers a listing platform specifically for Small-and-Medium sized enterprises.
Additional Information Additional Information captures exchanges’: sustainability section of websites,  sustainability products not captured under indices; information on future sustainability commitments and other information on the exchange
Organizational model of stock exchange Whether the exchange is listed or not, and when it was demutualized
Regulatory bodies The regulatory authority that sets listing requirements and capital market regulation for the exchange's market
Regulatory model

The extent to which exchanges have regulatory authority in their market. This may include:

  • Limited exchange SRO
  • Strong exchange SRO
  • Independent member SRO
  • Government (Statutory)
  • Non-SRO
About the stock exchange The location of the headquarters of the exchange, and any additional details about the stock exchange.