Uncategorized
Boursa Kuwait and Instinctif Partners enrich Kuwaiti capital market participants’ awareness and knowledge of the best practices in Investor Relations and crafting impactful Annual Reports
Boursa Kuwait hosted investor relations workshops in collaboration with Instinctif Partners, a strategic reputation advisory firm based in Europe, the Middle East and Africa, at the bourse’s premises on Monday, May 27, 2024, targeting companies listed in the Kuwaiti capital market.
The workshops aimed at enriching the awareness and understanding of the latest, best-in-class standards and practices in IR, an important aspect of communicating with investors and ensuring the timely and accurate dispersion of information, which in turn helps create trust and transparency in capital markets and allows investors to fully analyze listed companies and their performance and make astute investment decisions.
The workshops were run by Matthew Smallwood, Managing Partner, Samah Ragab, Associate Partner and Duaa Kannin, Consultant at Instinctif Partners, who shared their perspectives and expertise with over 30 IR practitioners.
The workshops explored the latest trends and challenges shaping the IR industry, including the impact of artificial intelligence (AI) and Environmental, Social and Governance (ESG) metrics and reporting. The experts from Instinctif also highlighted how to build an effective IR program, utilizing efficient communications and building tools to support those activities, including developing the company website and mastering the art of presentations. The workshops also shed light on how to cultivate strong investor relationships by building successful long-term partnerships based on trust and capitalizing on data-driven insights. In addition, the workshops offered a deep dive into crafting award-winning annual reports that showcase a company’s value proposition, strategic direction, and operating landscape.
Senior Director of Marketing and Corporate Communications Mr. Naser Meshari Al-Sanousi commented on the workshops, saying, “Boursa Kuwait is dedicated to fostering a culture of sustainable excellence and enhancing the overall awareness and knowledge of the best standards, practices and trends adopted worldwide and encouraging them to be implemented across the Kuwaiti capital market. These workshops are a key initiative in our strategy to maintain a sound capital market infrastructure, one that can attract new investors and cultivate long-lasting relationships with the international investment community. I would like to thank the listed companies for their contribution to the success of this event and extend deep gratitude to Instinctif Partners for organizing this initiative and look forward to more collaborations in the future.”
Boursa Kuwait’s organization of this and other similar initiatives stems from the company’s strategy to ensure that Kuwaiti capital markets participants are informed and knowledgeable of the latest trends globally, specifically in the IR industry, which is fast becoming a vibrant industry and a key tenet of a company’s strategy, as the IR function provides an essential communications point between listed companies and their investors, whether current or prospective.
Investor relations in the Kuwaiti capital market is quickly gaining traction, as companies wishing to list on the “Premier” Market are obligated to allocate a unit or department dedicated to investor relations. That department is responsible for educating shareholders about the company’s activities, financial performance and strategic directions. It is also responsible for answering shareholder inquiries and questions, communicating with shareholders to exercise their rights to attend and vote in general assemblies as well as building links between the Board of Directors, Executive Management, current and potential investors and all interested parties.
It is worth noting that companies listed in the “Premier” Market segment accounted for 72% of the traded value in the first quarter of 2024, while “Premier” Market companies’ share of traded volume came in at 53% for the same period. Additionally, the “Premier” Market’s market capitalization during the first quarter of 2024 was over KD 36 billion, representing 83.5% of the total market capitalization of KD 43.11 billion.
This is due to the reclassification of the Kuwaiti capital market into an “Emerging Market” in some of the world’s leading index providers and the inclusion of Kuwaiti listed companies, many of whom are “Premier” Market companies, into these indexes. Additionally, companies listed in the “Premier” Market regularly participate in Boursa Kuwait’s Corporate Days, organized in collaboration with world-renowned financial institutions and showcasing the investment opportunities that reside in the Kuwaiti capital market. Putting these companies in touch with some of the world’s leading investment firms and financial institutions, the events aim to highlight these companies’ financial health and business strategies and outlooks helping investors gain an in-depth understanding of the benefits and opportunities of investing in Kuwaiti companies.
Commenting on the collaboration with Boursa Kuwait, Matthew Smallwood, Managing Partner at Instinctif Partners, said: “It was a pleasure presenting to a responsive and knowledgeable audience at Boursa Kuwait. Attendees were excited and showed great ambition to adopt the best-in-class standards and practices to become high-quality practitioners in the field of Investor Relations. A critical pillar of a company’s reputation, IR can contribute to better investor interactions and conversations, making it easier to attract new investors and retain old ones, which in turn helps deliver a valuation that companies deserve, thanks to the higher levels of transparency and trust. I would like to thank Boursa Kuwait for this opportunity and look forward to more collaborations in the future.”
Boursa Kuwait’s collaboration with Instinctif Partners highlights its commitment to enhancing its corporate communications and investor relations and ensuring their alignment with global best practices. It underscores the bourse’s proactive approach and its dedication to fostering an efficient and transparent capital market, one that can become a vital contributor to the State of Kuwait’s vision to transform into a leading cultural, financial and investment hub in the Middle East.
The initiative forms part of Boursa Kuwait’s efforts to create a lasting meaningful impact on the communities where it operates as part of its Corporate Sustainability strategy and ongoing efforts to equip all market participants with an in-depth understanding of the functioning of capital markets and various tools and techniques required to make informed investment decisions and effectively meet investors’ needs. It is also in line with Goal 4 – Quality Education – and Goal 17 – Partnership for the Goals – of the UN’s Sustainable Development Goals (SDGs).
Brief Overview of Boursa Kuwait:
The establishment of Boursa Kuwait in 2014 marked the first step in the privatization project of the Kuwait Stock Exchange, which was founded in 1977 as the first exchange in the Gulf Cooperation Council region and was reorganized in 1983 as an independent financial institution. The transitional phase began in 2016, with Boursa Kuwait officially assuming the responsibilities and operations of the Kuwait Stock Exchange, replacing it with an official license in the same year after the successful completion of the transitional phase. This ensured that Boursa Kuwait developed the infrastructure and operated according to best practices and international standards. It commenced the creation of an advanced, reliable trading platform built on efficiency, credibility, and transparency to serve all asset classes with a focus on the interests of traders and the national economy.
Boursa Kuwait has undertaken various market reforms as part of its comprehensive plans to enhance it in several stages. It succeeded in introducing innovative investment tools, enhancing transparency, and restructuring the market to increase its liquidity and competitiveness, based on its mission-focused strategy, which emphasizes developing the market to meet international standards. The company’s developmental and improvement efforts have also contributed to the reclassification of the Kuwait market as an «emerging market» among key global index providers, enhancing Kuwait’s position as a leading regional financial center.
In a pioneering step in Kuwait’s privatization field, the privatization of Boursa Kuwait was successful, conducted in two stages. The first stage was in February 2019 when a consortium of Kuwaiti investment companies and a global exchange operator won the privatization bid, acquiring a 44% stake in the company.
In December 2019, the privatization process was completed through the public offering of a 50% stake owned by the Capital Markets Authority to Kuwaiti citizens, with the offering oversubscribed by more than 850%. Boursa Kuwait is listed on the «Premier Market» under the name «Boursa».
The post Boursa Kuwait and Instinctif Partners enrich Kuwaiti capital market participants’ awareness and knowledge of the best practices in Investor Relations and crafting impactful Annual Reports appeared first on HIPTHER Alerts.
Hexaware Technologies, a leading global IT services company, has announced the expansion of its core IT development business in Coimbatore, India. This strategic move reflects Hexaware’s commitment to strengthening its presence in the region and enhancing its service offerings.
Hexaware’s Expansion Strategy
Hexaware’s expansion in Coimbatore involves several key initiatives:
Infrastructure Development: The company is investing in state-of-the-art infrastructure to support its IT development operations. This includes the establishment of new office spaces, advanced technology labs, and collaboration facilities.
Talent Acquisition: Hexaware is focused on attracting top talent from the region to build a skilled and diverse workforce. The company plans to hire professionals with expertise in various IT domains, including software development, data analytics, and cybersecurity.
Collaboration with Academia: Hexaware is partnering with local universities and educational institutions to create a talent pipeline and foster innovation. These collaborations include internships, training programs, and research initiatives.
Community Engagement: The company is committed to engaging with the local community through corporate social responsibility (CSR) initiatives. This includes supporting education, healthcare, and environmental sustainability projects in the region.
Benefits of the Expansion
Hexaware’s expansion in Coimbatore offers several benefits for the company and the local community:
Enhanced Service Offerings: The new IT development center will enable Hexaware to enhance its service offerings and deliver innovative solutions to clients.
Job Creation: The expansion is expected to create numerous job opportunities for local professionals, contributing to the region’s economic growth.
Skill Development: Hexaware’s collaboration with academic institutions will promote skill development and provide students with valuable industry exposure.
Community Development: The company’s CSR initiatives will support the overall development of the local community, improving quality of life and fostering sustainable growth.
Future Outlook
Hexaware’s expansion in Coimbatore is part of the company’s broader growth strategy, which includes expanding its global footprint and enhancing its service capabilities. Future plans may involve further investments in technology, talent development, and community engagement to drive innovation and achieve sustainable growth.
In conclusion, Hexaware’s expansion in Coimbatore reflects its commitment to strengthening its presence in the region and enhancing its service offerings. By investing in infrastructure, talent, and community development, Hexaware is well-positioned to drive innovation and achieve long-term success.
Source of the news: Times of India
The post Hexaware Expands in Coimbatore with Core IT Development Business appeared first on HIPTHER Alerts.
Artificial intelligence (AI) is revolutionizing agriculture, offering innovative solutions to enhance productivity, sustainability, and efficiency. By leveraging AI technologies, farmers and agricultural businesses can address key challenges and drive the future of farming.
AI Applications in Agriculture
AI technologies are transforming various aspects of agriculture, including:
Precision Farming: AI-powered precision farming techniques use data from sensors, drones, and satellites to optimize crop management. This includes monitoring soil health, predicting weather patterns, and identifying pest infestations, allowing farmers to make data-driven decisions.
Automated Machinery: AI-driven automated machinery, such as tractors and harvesters, can perform tasks with high precision and efficiency. These machines reduce labor costs and increase productivity by operating continuously without human intervention.
Crop Monitoring: AI-powered image recognition and analysis tools monitor crop health and growth. These tools can detect early signs of disease, nutrient deficiencies, and pest infestations, enabling timely interventions to prevent crop loss.
Supply Chain Optimization: AI algorithms analyze data across the agricultural supply chain to optimize logistics, reduce waste, and improve distribution efficiency. This ensures that products reach markets in optimal condition and reduces the environmental impact of transportation.
Benefits of AI in Agriculture
The adoption of AI in agriculture offers several benefits:
Increased Productivity: AI technologies optimize farming practices, leading to higher crop yields and improved efficiency.
Sustainability: AI-driven solutions promote sustainable farming by reducing the use of water, fertilizers, and pesticides, minimizing environmental impact.
Cost Savings: Automation and precision farming reduce labor and input costs, improving the overall profitability of agricultural operations.
Enhanced Decision-Making: AI provides farmers with actionable insights based on real-time data, enabling informed decision-making and proactive management.
Challenges and Considerations
While AI offers significant benefits, its adoption in agriculture also presents challenges:
Access to Technology: Ensuring that small-scale farmers have access to AI technologies and the necessary infrastructure is essential for widespread adoption.
Data Management: Managing and analyzing large volumes of data generated by AI systems requires robust data management practices and infrastructure.
Skill Development: Training farmers and agricultural workers to use AI technologies effectively is crucial for successful implementation.
Regulatory Compliance: Ensuring compliance with agricultural regulations and data privacy standards is essential for maintaining trust and integrity in AI applications.
Future Outlook
The future of AI in agriculture looks promising, with continuous advancements in AI technologies and increasing adoption across the sector. Future developments may include further integration of AI with other emerging technologies, such as the Internet of Things (IoT) and blockchain, to create more connected and efficient agricultural systems.
In conclusion, AI is revolutionizing agriculture by enhancing productivity, sustainability, and efficiency. By leveraging AI technologies, farmers and agricultural businesses can address key challenges, drive innovation, and shape the future of farming.
Source of the news: EL Blog
The post Revolutionizing Agriculture Through Artificial Intelligence appeared first on HIPTHER Alerts.
The adoption of artificial intelligence (AI) in the Banking, Financial Services, and Insurance (BFSI) sector is transforming the industry, offering new opportunities for innovation and growth. To fully leverage the potential of AI, BFSI companies must develop strategic partnerships and adopt responsible AI practices.
The Role of AI in BFSI
AI technologies are revolutionizing various aspects of the BFSI sector, including:
Customer Service: AI-powered chatbots and virtual assistants enhance customer service by providing instant, personalized responses to customer inquiries.
Risk Management: AI algorithms analyze vast amounts of data to identify and assess risks, enabling better decision-making and risk mitigation.
Fraud Detection: AI models detect patterns and anomalies in financial transactions, helping to identify and prevent fraudulent activities.
Investment Analysis: AI-powered tools analyze market trends and financial data, providing insights for investment strategies and portfolio management.
Strategic Partnerships for AI Adoption
Developing strategic partnerships is essential for BFSI companies to successfully adopt and implement AI technologies. Key considerations for forming partnerships include:
Technology Providers: Partnering with AI technology providers ensures access to cutting-edge AI solutions and expertise. These partnerships can help BFSI companies stay ahead of technological advancements and implement the most effective AI tools.
Regulatory Bodies: Collaborating with regulatory bodies ensures that AI adoption complies with industry regulations and standards. This helps BFSI companies avoid legal and compliance issues while implementing AI technologies.
Academic Institutions: Partnering with academic institutions provides access to research and development resources, enabling BFSI companies to explore innovative AI applications and stay at the forefront of AI advancements.
Industry Peers: Collaborating with other BFSI companies allows for knowledge sharing and the development of best practices for AI adoption. Industry partnerships can also drive collective efforts to address common challenges and regulatory requirements.
Responsible AI Adoption
Adopting AI responsibly is crucial for ensuring that AI technologies are used ethically and effectively. Key principles of responsible AI adoption include:
Transparency: Ensuring transparency in AI decision-making processes by providing clear explanations and documentation of AI models and algorithms.
Fairness and Non-Discrimination: Implementing measures to prevent bias and discrimination in AI systems, ensuring that AI decisions are fair and equitable.
Data Privacy: Protecting customer data and ensuring compliance with data privacy regulations is essential for maintaining trust and integrity in AI applications.
Continuous Monitoring: Regularly monitoring AI systems to ensure they perform as intended and addressing any issues or unintended consequences that arise.
Future Outlook
The adoption of AI in the BFSI sector is expected to continue growing as companies recognize the value of AI-driven insights and efficiencies. Future developments may include further advancements in AI technologies, enhanced regulatory frameworks, and increased collaboration between industry stakeholders.
In conclusion, the adoption of AI in the BFSI sector offers significant opportunities for innovation and growth. By developing strategic partnerships and adopting responsible AI practices, BFSI companies can leverage the full potential of AI to enhance customer service, improve risk management, and drive operational efficiencies.
Source of the news: Express Computer
The post AI in BFSI: A Roadmap for Strategic Partnerships and Responsible Adoption appeared first on HIPTHER Alerts.
-
Artificial Intelligence3 days agoConsole Connect Recognized with Frost & Sullivan’s 2024 Global Technology Innovation Leadership Award for Its Outstanding Automation and Blockchain Solutions
-
Uncategorized3 days agoGSA Announces AI-Themed Hackathon
-
Artificial Intelligence2 days agoViking Analytics & Bharat Forge signs a 3 year contract
-
Uncategorized3 days ago
ATO Stepping Up AI Capabilities to Be Leader by 2030
-
Uncategorized3 days ago
Auditchain Labs AG Announces Roll-Out of Pacioli AI for Compliance with MiCA and VARA White Paper Disclosures
-
Artificial Intelligence3 days agoCreator-first AI x Blockchain Project Animechain.ai Reveals Its White Paper and Participation in IVS Crypto 2024 KYOTO as a Platinum Sponsor
-
Uncategorized3 days ago
AImotive Achieves ISO 26262 ASIL-D Re-Certification for aiSim 5
-
Uncategorized3 days agoHow Financial Institutions Can Get Their AI Strategy Right
