Bahrain Bourse (BHB) launched its new program Bahrain Clear yesterday on Monday, 17th July at the Bourse’s premise in Bahrain Financial Harbor.
The opening ceremony was held in the presence of the Ministry of Industry, Commerce, and Tourism and the Minister-In-Charge of Bahrain Bourse His Excellency Zayed bin Rashid Alzayani and the Governor of the Central Bank of Bahrain His Excellency Rasheed Mohammed Al Maraj. Along with the Chairman and Board Members of Bahrain Bourse and Bahrain Clear, officials from listed companies and licensed brokers.
According to the Chairman of Bahrain Bourse and Chairman of Bahrain Clear Mr. Abdulkareem Ahmed Bucheery, the inauguration of the company marks a milestone history of the capital markets sector in the Kingdom of Bahrain, and is expected to attract more local and regional investments to contribute to enhancing investors’ confidence in this sector, as well as aid in enhancing Bahrain’s capital market rating by international indices providers.
Shaikh Khalifa bin Ebrahim Al Khalifa, Chief Executive Officer at Bahrain Bourse and the Managing Director of Bahrain Clear said: “We are happy to establish Bahrain Clear which will be independently responsible for clearing, settlement, and central depository services. This will allow the company to develop its current services and provide new services that are in line with international standards. One of the main objectives of Bahrain Clear is to enhance and diversify the post trade services and provide services that are in line with those applied in the advanced markets.”
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