GCC stock exchange chiefs conclude meeting

KUWAIT, May 19 (KUNA) -- A committee of the Gulf Cooperation Council (GCC) capital markets chiefs concluded its 10th meeting here on Monday, which attracted representatives from all the six GCC member states.
During the meeting, the conferees adopted the committee's agenda after having been apprised of financial resolutions adopted by the GCC Supreme Council during its recent 34th meeting in Kuwait, Kuwait Capital Market Authority (KCMA) said in a statement.
They were also kept posted on the minutes of the meeting of a registration, disclosure and governance committee, including final amendments to single stock registration rules for the GCC stock exchanges, it said.
The committee approved the committee's suggestions for single stock disclosure rules and uniform corporate governance principles, the KCMA pointed out.
It also discussed a report compiled by the GCC stock exchanges supervision and control team and voiced remarks in this regard, it added.
The 10th meeting of the Gulf Cooperation Council (GCC) capital markets chiefs kick-started here earlier in the day, with KCMA Chairman Saleh Al-Falah stressing the significance of unifying rules and regulations for the GCC stock exchanges in order to ensure a high amount of integrity and transparency.
He called for more fervent efforts to be exerted in order to reach integrated markets and to develop a clear-cut strategy purposed to ensure stability and resilience. (end) mka.tb.mt