The Saudi Tadawul Group signs Memorandum of Understanding with Boursa Kuwait

The Saudi Tadawul Group signs Memorandum of Understanding with Boursa Kuwait

Riyadh:– Boursa Kuwait signed a memorandum of understanding (MoU) with the Saudi Tadawul Group that aims to continue to build on the partnership and form the basis of cooperation between the two stock exchange operators, The MoU, which was signed on the periphery of the GCC Stock Exchange Summit in Riyadh, aimed to explore collaboration opportunities in financial technology (fintech), products as well as developing sustainability and in the fields of Environmental, Social and Governance (ESG) reporting and implementation. Collaborations on organizing mutual events, Investor Relations initiatives as well as cross-listing of companies on both exchanges were also included as part of the MOU.

In addition, the MOU aims to synergize the efforts of both bourses in the areas of financial literacy and raising awareness among market participants from both countries to the latest developments in capital markets regionally and across the globe. Through the memorandum, both Boursa Kuwait and the Saudi Tadawul Group will exchange perspectives on how best to entice family businesses, government entities and small and medium enterprises (SMEs) to list on their respective exchanges.

Boursa Kuwait’s Chief Executive Officer, Mr. Mohammad Saud Al-Osaimi, spoke on the occasion of the signing, saying, “We value the ongoing cooperation between the