KUWAIT: Kuwait’s Capital Markets Authority (CMA) announced Wednesday that it has officially licensed BlackRock Advisors UK Limited to operate as an investment advisor in the country. In a press statement, the CMA said the move reflects Kuwait’s growing role on the global financial map, noting that BlackRock Advisors is part of BlackRock Group, one of the world’s largest asset managers. The authority described the step as a milestone in the development of Kuwait’s financial market and a clear indicator of its ability to attract leading international institutions.
The CMA stressed that the entry of BlackRock into the Kuwaiti market strengthens the country’s position in regional and international markets and supports national efforts to realize Kuwait’s vision of becoming a global financial and commercial hub. It added that the achievement goes beyond the issuance of a new license, embodying the success of institutional integration between the CMA, the Kuwait Direct Investment Promotion Authority (KDIPA) and other state agencies.
According to the statement, the step highlights the efficiency of Kuwait’s regulatory framework, streamlined procedures and investor-friendly environment, reinforcing the country’s appeal to global firms. The CMA affirmed that BlackRock’s presence will enrich the local investment landscape, promote knowledge transfer, strengthen strategic partnerships, and open new opportunities for collaboration with Kuwait’s financial sector.
The authority underscored that this development demonstrates Kuwait’s institutional capabilities and ambition to become a preferred destination for international companies seeking regional expansion. It noted that the licensing of BlackRock reflects global recognition of Kuwait’s position as a reliable financial center with strong legislative and regulatory foundations.
Established under Law No. 7 of 2010, the CMA is mandated to regulate and monitor securities activities, ensure transparency and fairness, enforce corporate governance standards for listed companies, and protect investors from unfair practices. It also oversees mergers, acquisitions and disclosures, and promotes awareness of securities activities in Kuwait. – KUNA
