Invesco commentary about MSCI’s upgrade of Kuwait to Emerging Markets status

Dubai, United Arab Emirates, 10 November 2020

Zainab Kufaishi, Head of Middle East and Africa at Invesco, said:

“The upgrade of Kuwait to the MSCI Emerging Market index is a positive development reflecting the significant measures undertaken by the country to adapt its capital-markets infrastructure including the removal of foreign ownership restrictions on listed banks and ease of requirements for investor registration, thereby opening the domestic equity market to international institutional investors.”

“The country has low level of debts, a stable financial sector and significant capital reserves. This coupled with the strong corporate profitability and dividend trends exhibited by Kuwaiti companies over the past few years will lead to significant interest from international investors. Overall, this new development is met by much excitement from the global investment community, including Invesco’s active and ETF teams that invest in the country.”

-Ends-

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