Bahrain stock exchange goes high-tech

04/11/2015 08:12 AST

Electronic record as the method of trade or proof of ownership of shares without the need to use physical certificates has been accepted by the board of directors of Bahrain Bourse (BHB), it has emerged.

A statement yesterday also said a meeting of the board chaired by Yusuf Abdulla Humood agreed on approving the mechanism for the Central Bank of Bahrain (CBB) to facilitate the dealing of all types of investors in the secondary market of debt instruments.

The BHB board also agreed to amend the key person policy to include the bourse’s board of directors, in addition to staff.

During the meeting, the board reviewed and approved the financial results of BHB as of September 30.

The latest developments regarding BHB’s strategic plan, operational plan and evaluation criteria were reviewed and recommendations made in that regard.

The board also discussed the reports and recommendations of the board’s committees and decided on actions to be taken.


Gulf Daily News

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