Boursa Kuwait has entered into a memorandum of understanding (MoU) with Kuwait College of Science and Technology (KCST) to promote Boursa Academy Online among university students.
As part of the MoU, KCST will allow Boursa Kuwait to conduct workshops, and lectures on its campus to promote the stock exchange’s digital education portal, which aims to create greater stock market awareness among new and professional retail investors.
Boursa Kuwait will also set up booths at KCST and distribute brochures and other promotional materials among its students to encourage them to gain a basic understanding of the exchange market, how to invest and the instruments available in the market.
The agreement stipulates that Boursa Kuwait shall conduct on-site tours to provide students with a first-hand experience of stock exchange operations.
Khaled Abdulrazzaq AlKhaled, CEO of Boursa Kuwait, said: “At Boursa Kuwait, we continue to focus on broadening our investor base as it is one of the four strategic objectives of our ongoing market development plans.
“We believe that the advancement of stock market education is the key to enhancing investor participation in our equity market and plays a pivotal role in creating and sustaining a thriving capital market in Kuwait.
“Our collaboration with KCST to promote Boursa Academy Online among the next generation of investors is closely aligned with this vision.”
Professor Khalid Al-Begain, President of Kuwait College of Science and Technology (KCST), said: “The collaboration with Boursa Kuwait through the Boursa Academy Online will expose our students to a new set of skills.
“These are essential toward creating a well-informed and rounded experience which forms a key component of the university’s aim to graduate engineers with entrepreneurial and leadership capabilities.
“This relationship will become even more essential with the vision of the KCST to start new programmes in accounting and finance in the near future subject to the appropriate approvals.”
Boursa Academy Online was established in 2018 to educate investors on a wide range of topics, ranging from how to trade, common investment mistakes as well as risks of investing to enable them to make informed investment decisions.
The free-of-charge portal provides educational and training facilities, such as ‘Market Watch’, ‘Virtual Trading’, ‘Statement of Account’ and ‘Portfolio’, among others, to investors of various experience levels.