Bahrain Bourse receives handover of presidency of Arab Federation of Capital Markets for 2022

Manama, Mar. 28 (BNA): Bahrain Bourse today hosted the 47th Arab Federation of Capital Markets (AFCM) Meeting during which Bahrain Bourse assumed the Federation’s rotating presidency from the Saudi Stock Exchange (Tadawul). The meeting approved the recommendations of the executive committee on financial statements and the auditor’s report of 2021 along with the estimated budget. The meeting also discussed the federation’s upcoming plans for the year 2022, including the meeting dates of the federation’s committees and the workshops and sessions to be held related to the stock exchanges activities. On the sidelines, Bahrain Bourse Chief Executive Officer Shaikh Khalifa bin Ebrahim Al -Khalifa rang the bell alongside CEOs of stock exchanges and members of the Federation to mark the handover of presidency from the Saudi Stock Exchange (Tadawul) to Bahrain Bourse. Bahrain Bourse will host the AFCM Annual Conference titled ‘’AFCM Annual Conference: Bahrain 2022’’ virtually under the patronage of Minister of Finance and National Economy Shaikh Salman bin Khalifa Al Khalifa on March 29-30. The ‘’AFCM Annual Conference: Bahrain 2022’’ seeks to create an enabling environment of Arab Financial Markets, as well as strengthen their integration and liquidity. Additionally, the event plays a key role in uniting Arab financial market leaders with regional and international experts. The conference is projected to attract over 600 attendees from exchanges, and will gather financial market regulatory bodies, brokerage firms, investment fund managers, and business and finance journalists.