Capital Markets Authority Releases Its 15th Annual Report and Second Sustainability Report
The Capital Markets Authority (CMA) issued its fifteenth annual report for the fiscal year 2025/2026 today, alongside its second sustainability report for the same fiscal period.
The publication of the Authority’s annual report following the conclusion of its fiscal year constitutes a legal obligation under Article 25 of its founding law, Law No. 7 of 2010. The report highlights the Authority’s key implemented tasks and achievements across its various operational domains: legislative, regulatory, supervisory, awareness-raising, and media activities, as well as those related to its internal working environment. It also covers local, regional, and international collaborative efforts, along with the Authority’s financial data for the fiscal year and its strategic directions for the coming years, in pursuit of its vision to achieve leadership in developing capital markets that are attractive and supportive of the national economy.
The Authority’s latest annual report comprises nine main chapters. It begins with an introduction to the establishment of the Authority, its vision, mission, objectives, and corporate values. This is followed by a presentation of the performance of the Board of Commissioners, the work of the General Secretariat, and the activities of the affiliated councils and committees. The third chapter is dedicated to the strategic domain, succeeded by the sustainability chapter, which outlines the Authority’s efforts to consolidate its institutional sustainability, the sustainability of the securities sector, as well as environmental and social sustainability.
The fifth chapter—the most prominent—details the Authority’s achievements in regulating and supervising securities activities. It covers the legal domain, followed by regulatory and supervisory aspects, including both desk-based and field supervision. It also addresses market monitoring, disclosure, and transparency, concluding with areas of awareness, media, communication, and external cooperation.
Subsequent chapters review the Authority’s key achievements regarding its internal working environment, as well as its visions, aspirations, and strategic directions for the coming years under its fourth strategy, which extends through March 2031. The report also includes the Authority’s financial data for the fiscal year under review, and concludes with a comprehensive overview of trading indicators on the Kuwait Stock Exchange for 2025.
In numerical terms, key implemented tasks are highlighted by specific figures: 82% of the Authority’s current strategy has been executed, with 75% of its time horizon completed. The Authority issued legal opinions on 895 matters, registered 104 cases, and secured 101 final substantive rulings, 97% of which were in the Authority’s favor. Additionally, 74 individuals and 238 activities were licensed, alongside 65 collective investment schemes. Six special approvals were granted for debt instrument issuances, comprising bonds and sukuk, with a total value exceeding KD 1.2 billion. Furthermore, five merger and acquisition transactions were completed, bringing the cumulative value of these activities to over KD 1.881 billion.
In a related development, the Authority issued its second sustainability report, which incorporates the measures taken during the last fiscal year in its efforts to reinforce the application of sustainability standards in Kuwait’s capital markets, thereby supporting the country’s sustainable economic development agenda and fostering an attractive environment for local and foreign investments. The report outlines the Authority’s approach to governance, social responsibility, and environmental stewardship, as well as its related initiatives. These include initiatives under its sustainability governance framework, particularly concerning its workforce (such as recruiting qualified personnel, protecting the rights of employees, education and development, and public health and safety), as well as its social and environmental responsibilities, specifically those related to mitigating climate risks, and managing water resources, emissions, waste, and energy consumption. The Authority prepared its report in alignment with the Global Reporting Initiative and the Unified Disclosure Standards for Governance, Social Responsibility, and Environmental Criteria in the Gulf Cooperation Council (GCC) countries, as issued by the Gulf Securities Authorities Committee.
Finally, while announcing the issuance of the aforementioned reports, the Authority draws the attention of those interested in economic matters generally, and those concerned with securities activities and services in particular, to the availability of detailed information on these reports through its official website and mobile applications.
