Dec 05 2007 |
more articles from
|
Bahrain Stock Exchange unveils plans to relocate to Bahrain Financial Harbour
Strategic move aimed at bringing the markets closer to the main business community - the Kingdoms new business address - BFH
BSE to occupy one full floor in the Harbour Mall
Commenting on the agreement, Mr. Fouad Rashid, Director of the BSE , said: "The Bahrain Stock Exchange has always aimed at offering investors an ideal as well as fair and well regulated trading platform. This also meant that we would need to be located within a technologically advanced environment that was at the heart of the Kingdom's business hub. However, with the setting up of BFH, which has been specifically designed to cater to the demanding needs of the financial services sector, we hope that the epicentre of the sector will over time move to BFH. Thus, given this background, our board of directors, took a strategic decision of moving the entire BSE to BFH." " BSE 's relocation to the Bahrain Financial Harbour intends to provide a better working environment supported by a modern infrastructure, hence allowing the exchange to further develop and expand its operations," Mr. Fouad Rashid added.
The Bahrain Stock Exchange (BSE) , was established in 1987 by Amiri Decree No.(4) and officially commenced operations on June 17, 1989 with twenty-nine listed companies. Currently, there are 51 companies, 33 mutual funds, and 17 Sukuk issues listed on the exchange. The BSE operates as an autonomous institution supervised by a Board of Directors, chaired by the Governor of the Central Bank of Bahrain.
"With the signing of the tenancy agreement with BSE , which is one of Middle East's oldest and most respected stock exchanges, BFH has now truly emerged as a completely integrated financial district. Furthermore, we are confident that BFH will most definitely emerge as a global financial centre." Mr. Rothel added. He also indicated that BFH is in dialogue with Bahrain stock brokerage firms which are normally anticipated to join the Exchange in BFH.
About BFH
A fully integrated, master-planned development, the US$ 1.5 billion Bahrain Financial Harbour (BFH), is creating a complete financial city, a self contained community and reinforcing Bahrain's unsurpassed position as the financial capital of the Middle East. A first of its kind development in the region, BFH is a highly focused, committed and advanced financial environment spread over 380,000 square metres of prime seafront property in the centre of Manama, Kingdom of Bahrain. Furthermore, it comprises of 10 projects that uniquely combines business, leisure and residential components under one canopy. Phase I of the project 'The Financial Centre' which includes the Harbour Towers - Bahrain's tallest towers and the Harbour Mall. The Financial Centre is operational and open for business.
For more information, please contact:
Shazia Kamili
Tel: 050-7264392
© Press Release 2007
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |
Post Your Comment