Restructuring Privatisation Programmes in the Gulf Cooperation Council: Lessons from the Kuwait Stock Exchange

What is it about?

Privatisation is an important diversification mean cited in the economic vision plans by countries forming the Gulf Cooperation Council (GCC). However, literature specific to the GCC is rudimentary in nature and is of a youthful understanding, which this article aims to mitigate. The privatisation programme implemented by countries of the GCC, this article argues, must ensure that the necessary legal, regulatory and organisational foundations are set, whether in terms of legislation enacting the privatisation measure or surrounding regulatory entities seeking to uphold the best conditions for the divested company to flourish post-privatisation. Recommendations will be given based on successful factors and limitations examined in the Kuwait Stock Exchange case study and in accordance with international best practice.

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