Arab News, Tuesday, Apr 13, 2021 | Ramadan 1, 1442
Bahrain Bourse expects to attract two more listings, says CEO
Bahrain:
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.