Gulf Capital Market Association

The Gulf Capital Market Association (GCMA) is a non-profit industry association representing the capital markets in the Gulf region. It was founded in 2010 and is headquartered in the Dubai International Financial Center.
== Overview ==
GCMA serves as the collective voice for the region's growing capital markets, including bonds, sukuk (Islamic financial certificates), and equity markets. Its mission is to strengthen these markets to support economic growth and transformation in the Gulf.
The association is led by President Michael P. Grifferty and guided by a regional board of directors elected annually by voting members. GCMA has members from six Gulf Cooperation Council (GCC) countries: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates, as well as members from global financial centers serving the Gulf market.
== Activities ==
GCMA works with governments, central banks, and regulators to develop and promote best practices in the capital markets. Its committees, national chapters, and working groups focus on areas such as Islamic finance, public debt, fintech, infrastructure finance, investor relations, structured finance, regulation, and environmental, social, and governance (ESG) investing.
The association sets market practices, facilitates communication with the global investment community, and raises awareness about the Gulf capital markets. It provides platforms for discussions and hosts prominent speakers, enabling members to gain market intelligence and build relationships.
GCMA coordinates with international financial institutions like the International Monetary Fund (IMF), World Bank Group (WBG), Islamic Development Bank (IsDB), Arab Monetary Fund (AMF), and the European Bank for Reconstruction and Development (EBRD).
== History ==
Originally established in 2010 as the Gulf Bond and Sukuk Association (GBSA), the organization rebranded and relaunched as the Gulf Capital Market Association (GCMA) in 2022, expanding its coverage from bonds and sukuk to also include equity markets.
== Key People ==
*Hadi Melki, Chairman
*Michael P. Grifferty, President
== Members ==
Column 1 	Column 2 	Column 3 	Column 4
ACWA Power 	Abu Dhabi Global Investors Limited 	Akin Gump Strauss Hauer & Feld LLP 	Al Hossam Legal
Al Madina Real Estate Company 	Alghanim Industries 	Allfunds 	Alliance Bernstein
Allianz Global Investors 	Amanie Advisors 	Amundi Asset Management DIFC 	Arqaam Capital
Azimut (ME) Limited 	BlackRock Advisors (UK) Limited – Dubai Branch	Burgan Bank 	Capital International Management Company SARL
Cboe Global Markets 	CME Group 	CMi2i 	Columbia Threadneedle Investments (ME) Limited
Crowe Mak Ltd. 	D.F. King 	DAMAC 	Daman Investments
Dentons 	DP World 	Dubai International Financial Centre Authority	Emirates
Emirates NBD 	Emirates NBD Asset Management 	Equate Petrochemical Company 	Etihad Airways
Etisalat 	Euroclear Bank SA/NV 	Fidelity International 	FIM Partners
First Abu Dhabi Bank 	Fitch Ratings 	Franklin Templeton Investments (ME) Limited 	ICE
Janus Henderson Investors 	Kamco Invest 	Kuwait Finance House 	Kuwait Financial Centre S.A.K.
Kuwait Projects Company (KIPCO) 	Latham & Watkins LLP 	Majid Al Futtaim Group LLC 	Mashreq Capital
Mashreqbank 	MFS Investment Management 	Moody’s Ratings 	Nama Holding Company
National Bank of Kuwait 	NATIXIS (Dubai Branch) 	Neuberger Berman 	Norton Rose Fulbright
Omantel 	Ooredoo 	OQ 	Principal Global Investors LLC
Rawabi Holding Company 	S&P Global Market Intelligence 	S&P Global Ratings 	Saudi Aramco
Saudi Basic Industries Corporation	Saudi Electricity Company 	Schroder Investment Management Limited 	Standard Chartered Bank
State Street Global Advisors 	T. Rowe Price 	Tamwily International Company 	TAQA
White & Case LLP 	Winton 	 	
== References ==
Category:Industry Associations