Boursa Kuwait adopts FTSE Russel Industry Classification Benchmark

Executive Summary

• In our earlier first take Boursa Kuwait Initiates Second Phase of Market Development, we highlighted the transformational changes such as a three-tiered, segmented market, the introduction of new market-capitalized indices as well as new listing requirements that were implemented as part second phase of market development.
• Starting June 2018, Boursa Kuwait has adopted the FTSE Russel Industry Classification Benchmark (ICB) for all equity stocks listed on its markets, as part of its ongoing commitment to attract and facilitate international investments to Kuwait.