The Sultanate Participates with Gulf Counterparts in the Meeting of Capital Markets Authorities' Committee in Kuwait

Represented by Capital Market Authority, the Sultanate participated with the GCC counterparts in the 17^t  meeting of the GCC Heads of Capital Markets Authorities' Committee (or equivalent) emanating from the General Secretariat of the Gulf Cooperation Council, held on Wednesday, 24^t  October, 2018 in Kuwait.

The Sultanate's delegation was headed by H.E. Sheikh Abdullah bin Salem Al Salmi, Executive President of CMA, and Mohammed Saeed Al Abri, Vice President of Capital Market Sector, and Muneer Salem Al Hinai, legal expert at the Executive President's office.

The meeting addressed the most prominent issues and developments in regional and global markets, as well as the most prominent decisions discussed at the previous meeting at its 16th session, and discussed developments related to the Memorandum Of Understanding between regulators of financial markets of the GCC countries. The meeting also highlighted the study on strategies and mechanisms to achieve the integration of financial markets, and also addressed the discussion of the Memo of the General Secretariat on the Joint Meeting of the Governors of the Central Banks and Monetary Authorities and the Ministerial Committee of the boards of directors of financial markets of GCC countries. The annual workshop to be carried out during the current year in the Kingdom of Bahrain on oversight for the exchange of experiences among Member States was also reviewed.

It is worth mentioning that CMA is keen to attend the regular meetings of these sessions in order to enhance the cooperation level between the supervisory authorities of securities markets, to exchange experience, and to work hand-by-hand with representatives of Gulf supervisory bodies in a way that would  contribute to the development of this industry that would serve the national economies of the GCC countries.