Bahrain Bourse expects to attract two more listings, says CEO

RIYADH: Bahrain Bourse is expected to attract two new public offerings this year, its CEO told Asharq Business.

 

The first is a logistics company and the second an oil company, Sheikh Khalifa bin Ibrahim Al-Khalifa, told the website

However, he said that the pandemic had prompted some companies to shelve planned offerings.

He said that the exchange was focused on easing the entry of investors into the market.
He also highlighted the launch of the Bahrain Bourse environmental, social and governance (ESG) reporting guideline for listed companies, in response to rising appetite for such investments from global institutions.
 

The stock exchange applies the Global Industry Classification Standard (GICS) to classify listed companies, he said, highlighting continued cooperation with Saudi Arabia’s Tadawul stock exchange, the largest in the region.

He said the bourse’s main objective was to diversify its investor based which is currently dominated by institutions, unlike some other regional exchanges where individual investors are more strongly represented,
 

Al-Khalifa pointed to the adoption of new listing rules that better guarantee the rights of investors, including those directed at companies with large accumulated losses.

 

Source: https://www.zawya.com/mena/en/markets/story/Bahrain_Bourse_expects_to_attract_two_more_listings_says_CEO-SNG_207702328/

 

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