Kuwait eases rules for listing joint-stock companies | Reuters

Kuwait eases rules for listing joint-stock companies | Reuters:



"Kuwait has eased capital rules for joint-stock companies to list on the stock exchange to encourage firms to raise funds and broaden their shareholder base, the Gulf state's financial regulator said.



The new regulations are part of a series of rulings this year from the Capital Markets Authority (CMA), which is trying to boost activity on the sluggish market as well as clamp down on any suspicious dealings.



Under the new rules for listing on the main market, joint-stock companies need annual profits of 5 percent of their capital, instead of the previous 7.5 percent, the CMA said."



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