Bahrain Bourse announces election of Yousif Abdullah Al Yousif as Chairman

02/06/2025 04:56 AST

Bahrain Bourse, licensed by the Central Bank of Bahrain, announced the first meeting of its new Board of Directors and elected Yousif Abdullah Al Yousif as Chairman, following Edict (1) of 2025 issued by His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince, Prime Minister, and Chairman of the Economic Development Board, on April 29, to restructure the Board of Bahrain Bourse BSC. Yousif Abdullah Ali Reza was elected Vice Chairman, and Board Committees were formed in line with Bahrain Bourse's Corporate Governance Code.

The Board members are Yousif Abdullah Al Yousif, Yousif Abdullah Ali Reza, Nabeel Saleh Abdulaal, Raed Abdulla Fakhri, Eman Jawad Al Asfoor, Habib Jawad Habib, Fatema Hamad Abul, Abdulla Abdulrazzaq Bukhowa, and Aisha Mohammed Abdulmalik.

The new Board members expressed their gratitude to HRH the Crown Prince and Prime Minister for the trust placed in them through their appointment. They emphasised their commitment to supporting His Royal Highness's vision and making every effort to continue developing Bahrain Bourse and enhancing its strategic role as a key component of the capital market in supporting Bahrain's economic growth. The Board also aims to enhance the Bourse's competitiveness and ensure it remains a trusted destination for local and international investors.

Yousif Abdullah Al Yousif, Chairman of Bahrain Bourse, expressed his thanks for the trust placed in him to lead the Board at this important stage. He looks forward to working with fellow Board members and executive management to achieve further success and enhance the Bourse's position as a dynamic and resilient financial market that creates opportunities for growth and investment in Bahrain.

On his part, Shaikh Khalifa bin Ebrahim Al Khalifa, Chief Executive Officer of Bahrain Bourse, welcomed the new Board members and congratulated the Chairman and Vice Chairman. He noted that the Board's diverse and extensive expertise will contribute effectively to guiding the Bourse's strategy, supporting its long term goals, and further developing investor confidence, transparency, and efficiency.

The appointment of the new Board marks a pivotal stage in the development of Bahrain Bourse, as it continues its commitment to supporting national economic objectives and reinforcing its position as a key pillar of Bahrain's capital market sector.

BNA