Manama: Bahrain Bourse (BHB), a licensed exchange by the Central Bank of Bahrain (CBB), announced a comprehensive Capital Market Development Plan aimed at elevating the market, designed to diversify market offerings, deepen liquidity, and streamline market operations.
According to Bahrain News Agency, the roadmap aims to achieve five objectives: advance Bahrain's capital market ecosystem, deliver world-class services to all stakeholders, strengthen market competitiveness and align with regional and global standards, enable agility to navigate dynamic market conditions, and expand and diversify investment opportunities locally and regionally.
Achieving these objectives depends on the implementation of five key strategic pillars: Equity and Capital Formation aimed at generating capital flows through an expanded and structured IPO pipeline; Trading Operations Catalyst aimed at diversifying product offerings and roll-outs; Regulatory and Corporate Realignment aimed at enhancing the decision-making process and regulatory empowerment; Enhanced Issuer and Investor Engagement aimed at improving infrastructure and functions, and enhancing processes and services; and Digital Readiness aimed at further improving processes and services.
Yusef Abdullah Al Yusef, Chairman of Bahrain Bourse, said that their mission at Bahrain Bourse is to operate a secure, efficient, and internationally aligned capital market infrastructure that facilitates capital raising for the government and private sector, provides investors with transparent and accessible markets, and supports the deepening of Bahrain's capital market ecosystem.
He added that they are driving the development of Bahrain Bourse into a cornerstone of Bahrain's economic growth and diversification, and remain committed to achieving their vision through the continuous support of various market participants to enhance capital markets' contribution to the Kingdom's economy in line with Bahrain's Economic Vision 2030.
Shaikh Khalifa bin Ebrahim Al Khalifa, CEO of Bahrain Bourse, said that Bahrain Bourse is committed to collaborating with issuers, various market participants, and investor groups to build a more dynamic, transparent, and sustainable marketplace. He added that the plan reflects Bahrain's ambition to attract diversified and consistent FDI (Foreign Direct Investment) and contribute to the Kingdom's long-term economic growth.
Shaikh Khalifa bin Ebrahim also noted that their strategy focuses on five key strategic pillars aimed at attracting a broader investor base, diversifying investment choices in terms of product offerings, and accelerating and enhancing market operations. Working hand in hand with the regulator and market participants, they aim to introduce 46 initiatives over three years that elevate and deepen liquidity levels while enhancing market transparency, resilience, and accessibility across the market. He emphasised that all of the above strategies aim to ensure market readiness and alignment with international indices for a potential market reclassification and upgrade.