KUWAIT: Boursa Kuwait yesterday announced the completion of its public consultation on the official 'Over The Counter' Trading (OTC) Rulebook, which was uploaded onto the company's website. During the consultation period, Boursa Kuwait received positive feedback from stakeholders, which will contribute to the development of the draft and ensure that it is aligned with market needs, due to its importance in regulating the trading of many unlisted companies.

Khaled AlKhaled, Vice Chairman and Chief Executive Officer of Boursa Kuwait said: "Boursa Kuwait is keen to cater to all existing companies in a transparent and legal manner, whether they are unlisted or legally withdrawn or eliminated from the stock market". Al Khaled highlighted that a designated team is now reviewing and consolidating the feedback and comments received from different stakeholder groups such as investors and mediators, based on which specific areas will be edited. Boursa Kuwait will then share the draft with the Capital Markets Authority (CMA) for approval, prior to officially launching the final version.

"I would like to extend my thanks to all those who participated in this exercise, which reflects our ongoing transparent approach in all our operations."  Following the consultation and clearance by the Capital Markets Authority (CMA), Boursa Kuwait will publish the Rulebook in .PDF form on the Boursa Kuwait website (www.boursakuwait.com.kw) for downloading. For more information about Boursa Kuwait, please visit www.boursakuwait.com.kw  or email [email protected].