BHB receives feedback on consultation paper

Manama, June 26 (BNA): As part of the Bahrain Bourse’s continuous efforts to develop the capital market in the Kingdom, and based on the Central Bank of Bahrain (CBB) Resolution 11/2018, Bahrain Bourse (BHB) announces the completion of its public consultation on the ‘Listing Rules’ which was disclosed last month in order to receive the views and comments of all stakeholder groups within the capital markets prior to the implementation of the new Listing Rules.  During the consultation period, Bahrain Bourse received positive feedback from various stakeholders and is now in the process of reviewing and consolidating the feedback and comments received. The final Listing Rules will be published after obtaining the relevant approvals from CBB.  “The introduction of the new Listing Rules goes in line with BHB’s implementation of the self-regulatory organisation (SRO) model which will enhance the regulatory and supervisory role of Bahrain Bourse and in return enhance its competitiveness to attract further listings to contribute to the development of the economy in the Kingdom of Bahrain,” The Chief Executive of Bahrain Bourse Shaikh Khalifa bin Ebrahim Al Khalifa said. “We would like to express our sincere gratitude and thanks to all stakeholders for their support and valuable feedback during this consultation exercise, which aims to ensure alignment of market needs,” he added.