Boursa Kuwait is a trading pioneer that can trace its roots back to the first stock exchange in the GCC, and one of the oldest in the Middle East. The company was established in April 2014 and assumed responsibility for the operation of the Kuwait stock exchange on April 25. On October 5, Boursa Kuwait was awarded the exchange license by the Capital Markets Authority for the independent operation of the exchange. On September 14, 2020, Boursa Kuwait was listed on the “Premier” Market.
Boursa Kuwait launched its newly upgraded electronic ecosystem in December 2020, which included a newly-redesigned website and a suite of applications for smartphones, watches and tablets.
The website has been developed from the ground up using a bespoke Content Management System (CMS), designed to make the vital information that market participants rely on easier to find, while introducing several new features, including an enhanced version of MarketWatch, while the stock screeners option allows users to focus on what matters most to them. Investors can also keep up with the new calendar and company announcements, as well as access sophisticated charts and reports that assist in the decision-making process. In addition to the website, applications for iOS, iPadOS, WatchOS and Android phones and tablets were also developed.
Boursa Kuwait follows ISO 27001 standards for information and cybersecurity, applying internal controls to ensure confidentiality, integrity and availability, while also testing against vulnerability and DDoS attacks. All these steps contributed to a seamless continuation of business during the pandemic, with web-based portals launched for brokerage firms and secure connections to the VPN for remote-work employees.
The CFI.co jury unanimously voted for Boursa Kuwait, a repeat programme winner, in the 2021 category of Best Digital Transformation Strategy (GCC).