Bahrain Bourse ‘to list five state companies this year’

Bahrain Bourse ‘to list five state companies this year’

PHOTO

The public will be offered shareholding in five government-run companies this year, according to Shaikh Khalifa bin Ebrahim Al Khalifa, the top official of Bahrain Bourse (BHB).

Shaikh Khalifa said this during the just concluded Arab Federation of Capital Markets (AFCM) Annual Conference hosted by Bahrain.

“The initial public offering strategy focuses on developing the financial market sector by encouraging public subscriptions and listing more companies, including small and medium-sized companies,” he added.

Shaikh Khalifa, who has become the AFCM president for the year 2022, said, “The Economic Recovery Plan announced by Bahrain plays an important role in attracting investments to the country which enhances its competitiveness and supports the local economy. The plan to develop the capital markets, which is part of the Financial Services Sector Development Strategy 2022-2026 will enhance Bahrain Bourse’s role in attracting investments and providing advanced services to both investors and issuers. This will also strengthen co-operation with Arab capital markets and central depositories to increase liquidity in the local market and support the economy of the kingdom.”

Held under the patronage of Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa, the two-day conference was held virtually and attended by more than 400 participants from exchanges,