The pigeons fluttering above the heads of Kuwait’s stock traders make one thing clear: the bourse, one of the oldest in the region, needs modernisation.
Kuwait’s government plans to improve the service, relevance and efficiency of the market through a privatisation process that will see ownership shift from the state to corporate and retail shareholders.
“The thinking is that privatisation betters performance,” says Abdul Aziz al-Yaqout, regional managing partner at DLA Piper in Kuwait, the legal advisers for the process. “It opens the market for competition.”
No comments:
Post a Comment