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KSE elects new board members, headed by Al-Humaidhi

Newly selected Board of Directors of Kuwait Stock Exchange (KSE)
Newly selected Board of Directors of Kuwait Stock Exchange (KSE)
KUWAIT, April 21 (KUNA) -- The General Assembly of Kuwait Stock Exchange (KSE) elected on Sunday its new Board of Directors for a period of three years, headed by Hamad Al-Humaidhi, Ahmad Al-Thunayan as Vice President.
The board of directors includes member Bader Al-Kharafi, Talal Al-Bahar, Khaled Al-Falah, Raed Boukhamseen, Faleh Al-Ruqba, and Bader Al-Jeya'an.
The General Assembly also approved the distribution of free bonus shares to shareholders at a rate of 5 percent from its capital, and paid up capital of five Fils per 100 shares for the fiscal year 2018.
Hamad Al-Humaidhi, told KUNA on the sidelines of the General Assembly meeting, that the new board members will meet next week to tackle the most important features that will be taken to strengthen the market.
For his part, Board member Bader Al-Kharafi told reporters that the new strategy will be based on several clear and specific fronts, most notably encouraging foreign companies to list as well as searching for all ways to enhance liquidity levels.
Al-Kharafi added that the strategy also includes the introduction of new products and services, as well as the continued attempts to persuade government companies to include in the interest of enhancing liquidity.
Al-Kharafi noted that there is a tendency to reconsider the possibility of finding solutions in terms of fees imposed on listed companies pointing out the need to develop a specific mechanism to encourage family companies to list. (end) mka.mb