Listing advisory services includes advising on the listing process for companies on Kuwait Boursa in addition to conducting financial planning as well as financial and administrative restructuring.
It is worth mentioning that companies under the supervision of the Capital Markets Authority in Kuwait should comply with the Executive Bylaws of Law no. (7) of 2010 where Module Twelve – Listing Rules – highlights listing regulations that should be taken into consideration.
Module Twelve – Listing Rules highlights the following:
|Article 2-1-2 under clause no 5||Guidelines for listing shares of Kuwaiti Public Shareholding Companies in the Main Market|
|Article 2-1-2 under clause no 5||Guidelines for listing shares of Kuwaiti Closed Shareholding Companies in the Main Market|
|Article 2-3-1 and Article 2-1-2 under clause no 5||Guidelines for listing shares of Kuwaiti Public Shareholding Companies in the Parallel Market|
|Article 2-4-1 under clause 10||Guidelines for listing shares of Kuwaiti Closed Shareholding Companies in the Parallel Market|
|Article 2-5-1 under clause 15||Guidelines for listing shares of Non-Kuwaiti Companies in the Main Market|
|Article 3-3 under clause 8||Guidelines for listing Bonds and Sukuk|
|Article 4-1 under clause 9||Guidelines for listing Local Funds Units|
Added value to business entities from Listing Advisory Services
- Provide knowledge and a deep understanding of CMA and Kuwait Boursa listing requirements.
- Provide insight, strategies and expertise to help clients maximize every opportunity to obtain or retain their listing.
- Provide strategies to achieve optimal outcome and efficient decisions.
Services provided by Baker Tilly
Baker Tilly provides listing advisory services in line with the provisions set out in Module Twelve of the CMA Executive Bylaws which include advising the client on preparing and compiling all listing documents, and following all processes and systems as required by law. In addition, Baker Tilly conducts regular follow-ups with the CMA for resolving issues, if any until the final listing of the scrip on the Kuwait Boursa.
Baker Tilly is a listed “Investment Advisor” at the Capital Markets Authority entitling the company to provide Listing Advisory Services to all Kuwaiti Public and Closed Shareholding companies as well as Non-Kuwaiti companies, Bonds and Sukuk, and Local Funds.
Other related services
- Strategy and Business Plan
- Feasibility Study
- Business Valuation
- Financial Due Diligence
- Financial Restructuring
- Mergers and Acquisitions
- Preparing Private Placement Memorandum
- Public Offering Prospectus
- PPP Transaction Advisory
- Market Maker Advisory
- Collective Investment Schemes Advisory
- Advisory Services for practicing Securities