Financial and Banking News


Forward Share Transactions Permitted in Kuwait 

Ministerial Decree 5/86 was issued by the Finance Ministry on 27 May to legitimise and regulate forward share transactions on the Kuwait Stock Exchange (KSE). According to the decree, the maximum spread between spot and forward deals is 25% per annum with a 25% cash margin. Dealing is restricted to approved company stocks and must be made through brokers who are licensed for this purpose,...