Company Insights Boursa Kuwait KW0EQ0607022 Markets Boursa Kuwait Overview Boursa Kuwait is the private company that runs the Kuwait Stock Exchange (KSE), Kuwait’s national stock market. The first stock market in Kuwait started in 1952, with share dealing taking place in cafes in the merchants’ market, with brokers acting as market makers. The modern Kuwait Stock Exchange was established in 1983, functioning as market operator and regulator. Over the years, electronic trading was introduced, alongside forwards, futures and call options. Boursa Kuwait was founded by the Capital Markets Authority in 2014 and took over the KSE in April 2016. In February 2019, a 44 percent equity stake in Boursa Kuwait was awarded to an international exchange and a group of Kuwaiti investment companies. In December 2019, the privatisation process was completed after the initial public offering of the Capital Markets Authority’s 50 percent stake in the company was offered to Kuwaiti citizens, with an oversubscription rate of 850 percent. Boursa Kuwait self-listed on its own Premier Market in September 2020. It is the only stock exchange in the Middle East owned by the private sector. Shareholders include Arzan Financial Group, which owns 14.4 percent of Boursa Kuwait, and Al-Bawaba Al-Watania General Trading, which owns 12.5 percent, while the general public owns almost 70 percent. Boursa Kuwait News Aviation Kuwait’s Agility buys major US aviation support firm for $305m Agility Public Warehousing Company of Kuwait is buying the American company G2 Secure Staff, one of the world’s largest aviation service providers, for $305 million. G2 provides aviation support services to almost all major airlines in the US in more than 70 US airports, including ground handling, cabin cleaning and passenger assistance The company was […] April 15, 2025 Markets High hopes for Kuwait reforms lift its stock market Kuwait’s stock market is the Gulf’s top performer this year as local and foreign investors bet that economic reforms and increased infrastructure spending will bolster corporate profits. Investors seem more confident Kuwait will make good on its long-awaited plans following the suspension of parliament last May. Parliament and the government were often at loggerheads, derailing […] March 20, 2025 Logistics Kuwait’s Agility pays out $30m over scrap site dispute Kuwaiti logistics company Agility Public Warehousing has paid out nearly KD9 million ($29.2 million) after losing a 2021 court case over leasing a plot of land in Kuwait used as a scrap site. “With this payment, the company will have fully executed the aforementioned ruling in favour of the Public Authority for Industry,” Agility said […] March 17, 2025 Real Estate Kuwait eases property laws around foreign ownership Kuwait is gradually opening its real estate market to foreign ownership. It has now updated its law to allow entities licensed by the Kuwait Direct Investment Promotion Authority (KDIPA), companies listed on the Kuwaiti stock exchange and licensed real estate funds and investment companies to own property in the country for their operations or for […] February 18, 2025 Aviation Jazeera Airways to cut costs and double passengers by 2029 Kuwait’s Jazeera Airways plans to add more seats to its aircraft, expand its fleet and cut costs as part of a new five-year strategy to almost double the number of passengers in 2029. Adding seats this year will raise the average number per aircraft to 180 by the third quarter, the airline CEO Barathan Pasupathi […] February 6, 2025 Aviation Kuwait’s Jazeera Airways cuts losses as revenues rise Low-cost carrier Jazeera Airways, which trades on the Kuwaiti stock exchange, narrowed its fourth-quarter 2024 loss on rising revenue and operational efficiency. Net loss narrowed by 42 percent year on year to KD4.2 million ($13.6 million) in the final quarter, as operating revenue climbed 15 percent year on year to KD45.1 million. Passenger numbers grew 9 […] February 4, 2025 Analysis Markets Non-GCC institutions increase holdings of Kuwaiti stocks Non-GCC foreign institutions are net buyers of Kuwaiti equities – but active Western investors remain reluctant to hold its blue-chip stocks because of limited progress in diversifying the country’s economy. Nearly 69 billion shares were traded on Kuwait’s bourse last year, a total only bettered by the Saudi and Abu Dhabi exchanges within the six-nation […] January 21, 2025 Finance Kuwaiti lenders propose merger to create $50bn Islamic bank Boubyan Bank and Gulf Bank, two of the largest Kuwait-listed shariah-compliant lenders, are set to commence an initial feasibility study for a potential merger. The merged entity will be among the largest Islamic banks with more than $50 billion in assets. NewsletterGet the Best of AGBI delivered straight to your inbox every week NewsletterGet the […] August 1, 2024 Tech Kuwait’s Zain ups stake in UAE’s telco tower company Kuwaiti telco Zain Group has increased its share in the UAE-based TASC Towers from 83.47 percent to 92.87 percent. The company will continue to operate independently with a board of non-Zain majority members, Zain Group vice-chairman and CEO Bader Nasser Al-Kharafi said in a statement to Boursa Kuwait. “Given the nature of Zain’s shareholding and […] September 18, 2023 Posts navigation
Aviation Kuwait’s Agility buys major US aviation support firm for $305m Agility Public Warehousing Company of Kuwait is buying the American company G2 Secure Staff, one of the world’s largest aviation service providers, for $305 million. G2 provides aviation support services to almost all major airlines in the US in more than 70 US airports, including ground handling, cabin cleaning and passenger assistance The company was […] April 15, 2025
Markets High hopes for Kuwait reforms lift its stock market Kuwait’s stock market is the Gulf’s top performer this year as local and foreign investors bet that economic reforms and increased infrastructure spending will bolster corporate profits. Investors seem more confident Kuwait will make good on its long-awaited plans following the suspension of parliament last May. Parliament and the government were often at loggerheads, derailing […] March 20, 2025
Logistics Kuwait’s Agility pays out $30m over scrap site dispute Kuwaiti logistics company Agility Public Warehousing has paid out nearly KD9 million ($29.2 million) after losing a 2021 court case over leasing a plot of land in Kuwait used as a scrap site. “With this payment, the company will have fully executed the aforementioned ruling in favour of the Public Authority for Industry,” Agility said […] March 17, 2025
Real Estate Kuwait eases property laws around foreign ownership Kuwait is gradually opening its real estate market to foreign ownership. It has now updated its law to allow entities licensed by the Kuwait Direct Investment Promotion Authority (KDIPA), companies listed on the Kuwaiti stock exchange and licensed real estate funds and investment companies to own property in the country for their operations or for […] February 18, 2025
Aviation Jazeera Airways to cut costs and double passengers by 2029 Kuwait’s Jazeera Airways plans to add more seats to its aircraft, expand its fleet and cut costs as part of a new five-year strategy to almost double the number of passengers in 2029. Adding seats this year will raise the average number per aircraft to 180 by the third quarter, the airline CEO Barathan Pasupathi […] February 6, 2025
Aviation Kuwait’s Jazeera Airways cuts losses as revenues rise Low-cost carrier Jazeera Airways, which trades on the Kuwaiti stock exchange, narrowed its fourth-quarter 2024 loss on rising revenue and operational efficiency. Net loss narrowed by 42 percent year on year to KD4.2 million ($13.6 million) in the final quarter, as operating revenue climbed 15 percent year on year to KD45.1 million. Passenger numbers grew 9 […] February 4, 2025
Analysis Markets Non-GCC institutions increase holdings of Kuwaiti stocks Non-GCC foreign institutions are net buyers of Kuwaiti equities – but active Western investors remain reluctant to hold its blue-chip stocks because of limited progress in diversifying the country’s economy. Nearly 69 billion shares were traded on Kuwait’s bourse last year, a total only bettered by the Saudi and Abu Dhabi exchanges within the six-nation […] January 21, 2025
Finance Kuwaiti lenders propose merger to create $50bn Islamic bank Boubyan Bank and Gulf Bank, two of the largest Kuwait-listed shariah-compliant lenders, are set to commence an initial feasibility study for a potential merger. The merged entity will be among the largest Islamic banks with more than $50 billion in assets. NewsletterGet the Best of AGBI delivered straight to your inbox every week NewsletterGet the […] August 1, 2024
Tech Kuwait’s Zain ups stake in UAE’s telco tower company Kuwaiti telco Zain Group has increased its share in the UAE-based TASC Towers from 83.47 percent to 92.87 percent. The company will continue to operate independently with a board of non-Zain majority members, Zain Group vice-chairman and CEO Bader Nasser Al-Kharafi said in a statement to Boursa Kuwait. “Given the nature of Zain’s shareholding and […] September 18, 2023
