Financial Performance of Companies listed on the Kuwait Stock Exchange. An Exploration using Altman's Z-Score Model

A quantitative method was used to explore the financial performance of the firms listed on the Kuwait Stock Exchange. The number of firms explored was 196 out of a possible 206 (two firms are subsidiaries of one of the firms and others are insurance firms excluded from this study). The listed firms were observed from 2009-2014 to understand their status in the market and the direction they were heading towards. The financial data were gathered from the published annual reports of the respective firms and the financial statements from the Kuwait Stock Exchange website. This exploration is a stepping-stone for potential investors by showing the most profitable sectors for investment and for future researchers to predict accurate bankruptcy rates in the State of Kuwait.

Doctorate of Finance (Swiss Management Center University), Switzerland, 2016, dissertation title " Exploring the Financial Performance of the Listed Companies in Kuwait Stock Exchange using Altman's Z-score Model",doctoral advisor Dr. Igor Gvozdanovic. MBA in Finance and Investment Management (University of Wales Prifysgol Cymru),UK, 2012, thesis title "Impact of Regulations on Hedge Funds and the Potential Impact on Alpha", advisor Jorge Guira. BBA in Finance (Western Michigan University), USA, 2007. A diligent result-oriented Finance professional with robust experience of 7+ years, providing finance/business advisory in diverse sectors and skilled at managing multiple concurrent projects and duties in deadline driven environments in Kuwait.