By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    HDB targets 25% growth in profits, various activities by 2023-end: CEO
    HDB targets 25% growth in profits, various activities by 2023-end: CEO
    June 4, 2023
    Bank ABC Egypt sees 158% profit growth in 1Q 2023, after merging with BLOM Bank
    Bank ABC Egypt sees 158% profit growth in 1Q 2023, after merging with BLOM Bank
    June 4, 2023
    146% growth in net profit of Attijariwafa bank Egypt reaching EGP 434.5m in 1Q 2023
    146% growth in net profit of Attijariwafa bank Egypt reaching EGP 434.5m in 1Q 2023
    June 4, 2023
    Al Ahly Pharos tops brokerage ranking in May
    Al Ahly Pharos tops brokerage ranking in May
    June 4, 2023
    Beltone Leasing signs EGP 500m sale-and-leaseback agreement With Hassan Allam Properties
    Beltone Leasing signs EGP 500m sale-and-leaseback agreement With Hassan Allam Properties
    June 4, 2023
  • Politics
    PoliticsShow More
    Iranian, Saudi FMs meet on bilateral ties
    Iranian, Saudi FMs meet on bilateral ties
    June 4, 2023
    Egypt’s PM inspects service, development projects in Alexandria
    Egypt’s PM inspects service, development projects in Alexandria
    June 4, 2023
    FM Shoukry attends inauguration ceremony of Turkish President
    FM Shoukry attends inauguration ceremony of Turkish President
    June 3, 2023
    1 Egyptian security personnel, 3 Israeli soldiers were killed in border shooting
    1 Egyptian security personnel, 3 Israeli soldiers were killed in border shooting 
    June 3, 2023
    India train crash kills at least 207, injures hundreds 
    India train crash kills at least 207, injures hundreds 
    June 3, 2023
  • Interviews
    InterviewsShow More
    EFG Finance to launch unified platform gathering all its financing services: Alaa Al-Afifi
    EFG Finance to launch unified platform gathering all its financing services: Alaa Al-Afifi
    May 31, 2023
    I changed my artistic path to create ‘state of wonder’: Tarek Lotfi
    I changed my artistic path to create ‘state of wonder’: Tarek Lotfi
    May 25, 2023
    I adore Ramadan drama, ‘Telt Al-Talata’ series achieved great success: Ghada Abdel Razek
    I adore Ramadan drama, ‘Telt Al-Talata’ series achieved great success: Ghada Abdel Razek
    May 8, 2023
    We aim to establish Egypt as nearshore centre for Software AG for MET region: Rami Kichli
    We aim to establish Egypt as nearshore centre for Software AG for MET region: Rami Kichli
    April 29, 2023
    Egypt-Spain relations witness remarkable development in recent years: Spanish ambassador in Cairo
    Egypt-Spain relations witness remarkable development in recent years: Spanish ambassador in Cairo
    April 18, 2023
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: EFG Hermes, Boursa Kuwait conclude conference that highlighted Kuwait’s strong investment prospects 
Share
Notification
Latest News
HDB targets 25% growth in profits, various activities by 2023-end: CEO
HDB targets 25% growth in profits, various activities by 2023-end: CEO
Banking
Bank ABC Egypt sees 158% profit growth in 1Q 2023, after merging with BLOM Bank
Bank ABC Egypt sees 158% profit growth in 1Q 2023, after merging with BLOM Bank
Banking
146% growth in net profit of Attijariwafa bank Egypt reaching EGP 434.5m in 1Q 2023
146% growth in net profit of Attijariwafa bank Egypt reaching EGP 434.5m in 1Q 2023
Banking
Al Ahly Pharos tops brokerage ranking in May
Al Ahly Pharos tops brokerage ranking in May
Business
Beltone Leasing signs EGP 500m sale-and-leaseback agreement With Hassan Allam Properties
Beltone Leasing signs EGP 500m sale-and-leaseback agreement With Hassan Allam Properties
Business
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Business > EFG Hermes, Boursa Kuwait conclude conference that highlighted Kuwait’s strong investment prospects 
Business

EFG Hermes, Boursa Kuwait conclude conference that highlighted Kuwait’s strong investment prospects 

Daily News Egypt
Last updated: 2022/05/31 at 1:31 AM
By Daily News Egypt 5 Min Read
Share
EFG Hermes, Boursa Kuwait conclude conference that highlighted Kuwait’s strong investment prospects 
SHARE

EFG Hermes, the leading investment bank franchise in Frontier Emerging Markets (FEM), in partnership with Boursa Kuwait, the oldest exchange in the GCC, concluded the “Stars Aligned for the Newest Emerging Market” Virtual Investor Conference as the exchange’s 8th Corporate Day from 23 to 26 May. 

The virtual event brought together executives from 13 Kuwaiti companies with more than 175 international investors from over 95 institutions (USD 2 trillion in AUMs), to discuss and share insights on some of the most compelling opportunities across Kuwaiti capital markets.

Kuwait’s increasing importance in Emerging Markets can be traced back to the 2019-2020 EM index upgrades, when Kuwait joined the world’s most closely-tracked emerging market indices. Subsequently, this wider investor exposure led to fund managers’ interest and a growth in AUMs to over USD 2 trillion, with the “Premier” Market Index delivering an annualized USD total return of 17% over the past five years, comfortably beating the MSCI Emerging Market Index’s annualized return of 6%. 

Boursa Kuwait’s Head of Markets Sector Noura Al-Abdulkareem said: “Boursa Kuwait continues to provide opportunities for both companies and investors through its series of Corporate Days, the eighth edition, which was held virtually and organized by EFG Hermes, reflects the exchange’s role in the growth of the Kuwaiti capital market and the national economy.” 

“We were delighted to hold this virtual investor conference with our long-term partner Boursa Kuwait, as this progressive exchange continues to prove it is a market to watch. While global growth is expected to slow down in 2022, emerging markets are a favoured destination for investors, driven by economic reform activities and attractive valuations, making Boursa Kuwait an appealing destination. Apart from rising oil prices, investors are drawn to Kuwait’s stock market given the strong consumer recovery after the imposed lockdowns in 2020 and the prospect of IPOs. Government initiatives to push further market reforms that can boost liquidity, such as adding margin trading, have also bolstered the Kuwaiti stock market’s position.” said Mohamed Ebeid, Co-CEO of the Investment Bank, EFG Hermes.

“Volumes continue to rise thanks to strong retail sentiment and rising foreign interest. In 2022, turnover averaged USD210 million, up from USD179 million in 2021 and USD144 million in 2020. The current oil price boom and removal of Russia from key EM indices have fueled fresh foreign interest in the market as foreigners net bought USD576 million in 1Q22, and USD4.2 billion in the past three years” said Ahmed Waly, Head of Brokerage at EFG Hermes. “Boursa Kuwait has developed into a leading regional stock exchange that follows international standards and believes in the private sector’s role in advancing the country’s economic development, and we expect it to garner strong results during the coming period” he added. 

Boursa Kuwait’s series of Corporate Days showcase some of the standout listed companies and investment opportunities of the Kuwaiti capital market. Aimed to connect these companies with some of the world’s leading investment firms, asset managers, and financial institutions, the events highlight the firms’ financial health and business strategies, and provide investors with an in-depth understanding of the investment opportunities inherent in them.

Since its inception, Boursa Kuwait has worked diligently to create a credible exchange that fosters efficiency, transparency, and a liquid capital market, through a progressive platform and a comprehensive set of changes that allow it to compete on an international level. Over the past five years, the company has rolled out numerous market reforms and new initiatives as part of its comprehensive multi-phase market development plans.

This marks another virtual conference organized by EFG Hermes since the COVID-19 outbreak, as the Firm leverages innovative platforms and continues to connect the investment community with companies to gain insights from experts on trending topics and important prospects in key capital markets.

You Might Also Like

HDB targets 25% growth in profits, various activities by 2023-end: CEO

Bank ABC Egypt sees 158% profit growth in 1Q 2023, after merging with BLOM Bank

146% growth in net profit of Attijariwafa bank Egypt reaching EGP 434.5m in 1Q 2023

Al Ahly Pharos tops brokerage ranking in May

Beltone Leasing signs EGP 500m sale-and-leaseback agreement With Hassan Allam Properties

TAGGED: Boursa Kuwait, EFG Hermes
Share this Article
Facebook Twitter Email Print
Previous Article ABE injects EGP 1bn to stimulate agricultural, livestock investment in New Valley ABE injects EGP 1bn to stimulate agricultural, livestock investment in New Valley
Next Article Siemens Mobility partners with Egypt in building electric railway system Siemens Mobility partners with Egypt in building electric railway system
Ad image
Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

HDB targets 25% growth in profits, various activities by 2023-end: CEO
HDB targets 25% growth in profits, various activities by 2023-end: CEO
Banking
Bank ABC Egypt sees 158% profit growth in 1Q 2023, after merging with BLOM Bank
Bank ABC Egypt sees 158% profit growth in 1Q 2023, after merging with BLOM Bank
Banking
146% growth in net profit of Attijariwafa bank Egypt reaching EGP 434.5m in 1Q 2023
146% growth in net profit of Attijariwafa bank Egypt reaching EGP 434.5m in 1Q 2023
Banking
Al Ahly Pharos tops brokerage ranking in May
Al Ahly Pharos tops brokerage ranking in May
Business
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?