Saleh al-Falah

Company: Kuwait Stock Exchange (KSE)
Position: Director general

Biography: Saleh al-Falah was appointed director general of the KSE in October 2006, replacing Safaq al-Rukaibi.

Al-Falah was formerly the director of the Kuwait Investment Authority. During his tenure, Al-Falah has introduced stricter disclosure rules for KSE-listed companies and blocked unsuitable companies from listing on the exchange.

In October this year, the exchange signed a three-year contract worth $64m with New York’s Nasdaq Group to provide trading technology, market data and advisory services.

A key part of this initiative is the implementation of a new electronic trading platform at KSE, which will be used to trade equities, bonds and derivatives.

KSE is one of the oldest stock markets in the region. It has a market capitalisation of about $125bn, and is the second-largest Arab bourse after the Saudi stock exchange (Tadawul).

Contact: (965) 2299 2190
Corporate website: www.kuwaitse.com