Manama: Bahrain Bourse (BHB), a licensed exchange regulated by the Central Bank of Bahrain, has appointed Al Ramz Corporation PJSC as its financial advisor to aid in developing a comprehensive capital market plan aimed at enhancing Bahrain's capital markets ecosystem.
According to Bahrain News Agency, the agreement was formalised at a signing ceremony held at Bahrain Bourse headquarters. The event was attended by key figures including Yusef Abdullah Al Yusef, Chairman of Bahrain Bourse; Shaikh Khalifa bin Ebrahim Al Khalifa, CEO of Bahrain Bourse; Dhafer Sahmi Al Ahbabi, Chairman of Al Ramz Corporation; and Mohammad Al Mortada Al Dandashi, Group Managing Director of Al Ramz Corporation.
The appointment is part of Bahrain Bourse's strategy to align with the Kingdom's economic growth goals outlined in Bahrain Economic Vision 2030 and the National Economic Recovery Plan. It also aims to advance towards Emerging Market status. The Chairman of Bahrain Bourse's Board of Directors expressed a commitment to bolstering the Kingdom's economic growth by strengthening market classification, enhancing depth, attracting investment, and promoting sustainable growth. The partnership with Al Ramz is seen as leveraging regional expertise to maintain Bahrain's capital markets' competitiveness and significance for long-term prosperity.
Al Ramz's Chairman highlighted that the partnership underscores the company's expertise in capital market development, coinciding with a critical period in Bahrain's economic transformation. The collaboration will aim to increase listings, expand investment opportunities, boost investor confidence, and strengthen market making and liquidity.
Bahrain Bourse's CEO stated that the agreement enhances Bahrain's markets as a vibrant destination for regional and international investors. Al Ramz's expertise is expected to support the roadmap for sustainable growth, innovation, and broader stakeholder collaboration.