(MENAFN- Kuwait News Agency (KUNA)) KUWAIT, Aug 14 (KUNA) -- Kuwait's Capital Markets Authority (CMA) on Monday extolled commitments by all companies to implementing governance requirements and submitting their required data within the deadline, mainly the first ten firms that were previously committed to completing required application forms.
In a press statement, the authority said the ten companies include Salhia Real Estate, Kuwait and Middle East Financial Investment, Al Mazaya Holding, First Dubai Real Estate Development, United Real Estate, National Industries Group Holding, Bayan Investment, Global Investment House, Arabi Holding Group and Gulf Insurance Group.
This year, companies have been committed to governance requirements following reviewing data of other firms subject to the governance rules, it said.
The authority urged concerned companies to implement instructions regarding governance in response to the law and its executive regulations.
It stressed the importance of positive professional impacts of governance and benefits that could be brought, through commitment to governance, to both companies and their shareholders. (end) fh.nfa.hm
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