Bahrain Bourse to adopt Global Industrial Classification Standard (GICS) for listed companies

Bahrain Bourse to adopt Global Industrial Classification Standard (GICS) for listed companies

In line with Bahrain Bourse's strategy to enhance transparency and efficiency in Bahrain's capital market and to meet best international practices, Bahrain Bourse announces its plans to adopt the Global Industry Classification Standard (GICS) for listed companies effective 11th July 2021.



On this occasion, Chief Executive Officer of Bahrain Bourse, Shaikh Khalifa Bin Ebrahim Al-Khalifa commented: "The industrial re-classification aims to introduce a global industrial classification standard to the equity market to enhance transparency and provide more reliable information on the performance of companies and the market in particular that is aligned to international best practices.“



"The decision to reclassify current industrial sectors aims to establish alignment with global industrial standards for classifying listed companies as adopted by regional and international stock exchanges, which will provide better information to international investors on the performance of sectorial indices and enable easier sectorial comparability with global peers where companies will be classified into sectors based on their principal activity,“ Shaikh Khalifa added.



The GICS is a global hierarchical industry classification standard developed by index providers MSCI and S&P Dow Jones Indices and it covers 11 sectors representing first level of GICS. Of the 11 industrial sector groups, companies currently listed on