Kuwait bourse seeks to create VC platform to finance startups-CEO | Reuters:
The Kuwait Stock Exchange plans to set up a venture capital market to attract and support the country’s growing startups, the first idea of its kind in the Gulf region, the bourse’s chief executive said.
Khaled al-Khaled, the chief executive of Boursa Kuwait, wants to build a platform that can attract, keep and grow these companies so that they can eventually list on its main market.
“We are working closely with Kuwaiti young entrepreneurs to introduce a venture capital market,” he said in an interview in Dubai. “I want these entrepreneurs to grow locally. If they grow enough they will be listed in the Kuwaiti market.”
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