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ISSUE 19 MARCH 2019 PERIODICAL PUBLICATION ISSUED BY BOURSE BAHRAIN BOURSE HOSTS BELL RINGING CEREMONY AS PART OF ITS COMMITMENT TOWARDS UN’S SUSTAINABLE STOCK EXCHANGES INITIATIVE HIGHLIGHTS - Bahrain Bourse and Tamkeen Sign an MoU to Support Growth Businesses to List on Bahrain Investment Market Page 3

As part of its active role in promoting March 2019. Narjes Farookh the Central Bank of Bahrain H.E. CBB Issues Resolution gender equality and empowering Jamal, Chief Operating Officer Rasheed Mohammed Al-Maraj No. (23) Of 2019 for women in the capital markets and Abeer AlSaad, Director of and Chief Executive Officer sector, Bahrain Bourse hosted a bell the Capital Markets Supervision of Bahrain Bourse alongside the Issuance of ringing ceremony in parallel with at the Central Bank of Bahrain other senior officials and female Regulations In the celebration of International rang the market-opening bell in executives from listed companies. Respect of Short Women’s Day on Thursday 14th the presence of the Governor of (Continued on page 2) Selling and Giving BAHRAIN BOURSE & BAHRAIN CLEAR CORPORATE ACCESS DAY MET Securities on Loan WITH KEEN INTEREST ATTRACTING HIGH-PROFILE INTERNATIONAL INVESTMENT FUNDS Page 3

Bahrain Clear Signs MoU with Securities Depository Center Company (Edaa) Page 4 As part of Bahrain Bourse’s and During the event, Bahrain Bourse Bahrain, as fund managers from Bahrain Clear’s endeavors to and Bahrain Clear showcased key key global institutions are further strengthen links with international business development plans and solidifying their presence in Bahrain Bourse Hold investment funds, a corporate proposed product roll-outs. The the market. The market has Its 2nd Roundtable access day was conducted in Dubai event was successfully concluded seen a growth in the number of on 27th & 28th February 2019, with on Thursday 28th February 2018, international institutional Discussion With successful participation from and attracted 8 global custodian investors at 150% in 2018 CEOs of Listed leading international investment & leading investment funds. compared to 2017. Active Companies funds & global custodians. The event provided a strong engagement with international The event took place alongside indication of the growing investment funds plays a pivotal Page 5 the HSBC MENAT Securities appetite from international role in maintaining Forum 2019, one of the largest investors towards the capital participation of international regional securities forums. markets in the Kingdom of investors.

Bahrain Bourse | P.O. Box: 3203 Manama - Kingdom of Bahrain | Phone: +973 17261260 | Fax: +973 17256362 Issue 19 - MARCH 2019 www.bahrainbourse.com BAHRAIN BOURSE HOSTS BELL RINGING CEREMONY AS PART OF ITS COMMITMENT TOWARDS UN’S SUSTAINABLE STOCK EXCHANGES INITIATIVE (CONTINUED)

Bahrain Bourse has joined 83 other consecutive year globally, and this encouraged to make commitments Stock Exchanges (SSE) initiative global exchanges to mark the year Bahrain Bourse participated to improve gender equality to demonstrate its voluntary occasion over a week of bell-ringing in the event for the first time. in their markets, improving commitment to promoting activities for the first time since Held throughout March, these diversity in senior management sustainable and transparent its establishment, in partnership bell-ringing events aim to and on the boards of directors, capital markets. The SSE with the United Nations raise awareness on women’s or improving transparency on initiative focuses on sustainable Sustainable Stock Exchanges (SSE) economic empowerment and gender policies and practices. disclosure of environmental, Initiative, the World Federation the opportunities for the private It is noteworthy that Bahrain social and governance (ESG) factors. of Exchanges, IFC, UN Global sector to advance gender equality Bourse has recently announced Compact, UN Women. The and sustainable development. As that is has officially joined the event is being held for the fifth part of the events, participants are United Nations Sustainable

2 Issue 19 -MARCH 2019 www.bahrainbourse.com BAHRAIN BOURSE AND TAMKEEN SIGN AN MOU TO SUPPORT GROWTH BUSINESSES TO LIST ON BAHRAIN INVESTMENT MARKET support extended to growth According to Bahrain Bourse’s companies will cover 50% of regulations, companies interested the costs associated with listing in listing on Bahrain Investment on Bahrain Investment Market Market are required to appoint and appointing an Auhtorized and retain the services of an Sponsor (specialized advisory Authorized Sponsor at all times firm) at a cap of BD30,000 per (prior and during the listing company. In addition, the support process). The Authorized Sponsor will cover 10 companies will be responsible for providing over a one-year period. companies with the required The BIM is an innovative equity support and guidance to fulfill market launched by Bahrain the admission for listing on Bourse to enable fast-growing criteria Bahrain Investment Bahrain Bourse and Tamkeen an alternative cost-and-time companies in the Kingdom of Market, and ongoing financial signed an MOU on 7th March 2019 effective means for raising capital. Bahrain, the GCC and MENA disclosure requirements once listed. to expand the scope of Tamkeen’s The MOU was signed by the region to obtain growth capital via Currently, the BIM’s network Business Development Program CEO of Bahrain Bourse Shaikh direct offering. The market offers a of authorized consulting firms to include support of growth Khalifa bin Ebrahim Al Khalifa more relaxed regulatory framework includes Grant Thornton, KPMG, businesses interested in listing on and the Chief Executive of with easier disclosure and Key Point, BDO Consulting, the Bahrain Investment Market Tamkeen, Dr Ebrahim Mohammed minimal admission requirements, SICO, and Almoayyad Chambers. (BIM), an innovative equity market Janahi in the presence of several as well as support and guidance designed specifically to offer the officials from both organisations. provided through specialized region’s fast-growing companies According to the MoU, the advisory firms (Sponsors).

CBB ISSUES RESOLUTION NO. (23) OF 2019 FOR THE ISSUANCE OF REGULATIONS IN RESPECT OF SHORT SELLING AND GIVING SECURITIES ON LOAN and obligations of all concerned parties”, this Resolution introduces short selling and giving securities on loan into the Kingdom’s capital markets ecosystem. In order to ensure the effective implementation of the provisions of this Resolution, the CBB emphasized that the Licensed Exchange and the Licensed Clearing House shall issue their own rules and guidelines and As part of the Central Bank of respect of Short Selling and Central Bank of Bahrain and shall establish controls and Bahrain’s (“CBB”) effort to develop Giving Securities on Loan, Financial Institutions Law (“CBB procedures related to dealing the financial sector in the published in the Official Law”) which states that, “The in securities through lending Kingdom of Bahrain and in line with Gazette No. (3411), on Central Bank shall specify the and borrowing and short st international best practices, Thursday 21 March 2019. types of securities, which may selling according to the provisions the CBB has issued Resolution By virtue of Article (92) of the be traded by loan and short sale, stipulated in the Resolution. No. (23) of 2019 for the Decree No. (64) of 2006 with the terms and procedures of Issuance of Regulations in respect to promulgating the such transactions and the rights 3 Issue 19 - MARCH 2019 www.bahrainbourse.com BAHRAIN CLEAR SIGNS MOU WITH SECURITIES DEPOSITORY CENTER COMPANY (EDAA)

Bahrain Clear, a fully owned securities traded on the Saudi Stock bilateral cooperation on common procedures between the two subsidiary of Bahrain Bourse today Exchange. The MoU was signed key issues. The agreement is countries, and establish effective signed a Memorandum of in the Saudi capital Riyadh also part of Edaa and Bahrain cooperation on dual listing of Understanding (MoU) with with the aim of strengthening Clear joint efforts to enhance securities in both markets. This will the Securities Depository bilateral cooperation in the their regional standing and be achieved through the exchange Center Company (Edaa), which is dual listing of securities implement the highest of information and data related to a wholly-owned by the Saudi Stock between Saudi Arabia and Bahrain. standards of governance and ownership registry, transactions Exchange () and the sole The agreement falls within the transparency in the listing processes. carried out by brokers, members, entity responsible for providing framework of cooperation between The agreement aims to identify or investors, transfer of securities, custody, registration, clearing the two countries to achieve a and standardise the operational, and updating securities ownership and settlement services for common vision and bolster administrative and technical registry in both countries. KHCB INAUGURATES ‘KHALEEJI ETRADE’ PLATFORM

Khaleeji Commercial Bank Abdulkareem Bucheeri, and Online Banking Summit, on Bahrain Bourse, place Buy (KHCB), one of the leading Chairman of the Board of Directors which is organized in the Kingdom and Sell Orders, review market Islamic banks in the Kingdom, of Bahrain Bourse, Shaikh of Bahrain on the 11th - 12th of performance charts, receive has inaugurated its “Khaleeji Khalifa bin Ibrahim Al Khalifa, March, 2019 under the patronage the latest news on the local and eTrade” platform in the presence CEO of Bahrain Bourse, of the Central Bank of Bahrain. international markets and other of Mr. Khalid Hamad, Director Mr. Sattam Sulaiman Algosaibi, The platform is the first of its services that could be conveniently of Banking Supervision in the CEO of kind in the Kingdom that offers accessed through the application Central Bank of Bahrain (CBB), and a number of representatives many privileges, making it an allocated for smart devices. Shaikh Ahmed Bin Isa Al Khal- of various financial institutions. essential engine for the bank’s cli- ifa, Vice Chairman of Khaleeji The inauguration came on the ents as it enables them to easily Commercial Bank, Mr. sidelines of the annual E-Payment open accounts to trade stocks listed 4 Issue 19 -MARCH 2019 www.bahrainbourse.com BAHRAIN BOURSE HOLDS ITS 2nd ROUNDTABLE DISCUSSION WITH CEOs OF LISTED COMPANIES

Bahrain Bourse announced CEOs of listed companies. the current economic changes. of open discussion and conducting its second roundtable The discussion addressed various It is worth to mention that Bahrain encourages exchange of ideas, discussion with the CEOs of listed topics including Bahrain Bourse’s Bourse began the Roundtable recommendations and opinions companies on Bahrain Bourse on performance during 2018 and discussions last year, where the on developing the capital market Tuesday, 5th February 2019, with its recent plans and projects. first session was held on the 22nd in the Kingdom of Bahrain the attendance of Mr. Abdulkareem The discussion also highlighted of October 2018. The discussions in a way that serves and Bucheery, Chairman of Bahrain the recent developments in the are part of a series of discussions benefits listed companies Bourse, Shaikh Khalifa Bin Ebrahim capital market in the region conducted with CEOs of other on one hand, and contributes to Al Khalifa, Chief Executive Officer along with the opportunities and listed companies. The discussions enhancing investors’ confidence of Bahrain Bourse, and various challenges occurring in light of aim at offering a platform in the market on the other hand. BAHRAIN BOURSE ENDORSES “MUTAMAHIN” PROGRAM

Bahrain Bourse (BHB) signed a Nawar, President of the graduates, with the long-term training to university students Memorandum of Understanding CFA Society Bahrain. vision of contributing to a new in six distinct modules covering on 3rd February 2019 with CFA Based on the MOU, Bahrain generation of ethical, dedicated the areas of Business Ethics, Society Bahrain that aims at Bourse will provide internship and seasoned investment Communication, Teamwork, enhancing the areas of joint positions for graduates of the professionals. Until date, the Project Management, Technical cooperation between BHB and Mutamahin Program. In return, programme has trained Training and Personal Branding CFA Society in general and CFA Society will provide seats over 250 candidates and has led by top experts in the region. supporting the Mutamahin within the Mutamahin program partnered with top Bahraini CFA Society Bahrain will then Program in particular. The to eligible students of the institutions to secure over 100 select top participants for 6 months MoU was signed by Sh. Khalifa TradeQuest (University) finalists. six-month internships seats for internships at some of the top bin Ebrahim Al-Khalifa, Chief Mutamahin is a graduate training these candidates to participate in. financial institutions in Bahrain. Executive Officer of Bahrain program aimed at developing The Mutamahin program will Bourse, and Mr. Mahmoud and nurturing young university provide a 12 weeks intensive 5 Issue 19 - MARCH 2019 www.bahrainbourse.com BAHRAIN CLEAR CALLS FOR THE REGISTRATION OF PLEDGED SECURITIES

Bahrain Clear (a wholly-owned respect of “Specifying the companies and institutions that required to undertake all subsidiary of Bahrain Bourse) Procedures to be followed for provide its services in the capital necessary steps to ensure its announced that all parties Registrations of Pledges and markets sector, including banks adherence to the requirements of involved in pledged securities are Liens on Securities and the that maintain securities issued by the Resolution and Regulations required to register the pledges at discharging and Lifting of such public shareholding companies in general, and to coordinate Bahrain Clear based on Resolution Pledges and Liens” published as a guarantee to its loans and with Bahrain Clear to register all (59/2011) and its amendments in the Official Gazette Issue banking services or any other pending securities pledges issued by the Governor of the 3032 dated 29 December 2011. parties related to securities in order to abide by Central Bank of Bahrain with According to the Resolution, all mortgage agreement are registration requirements. SILVER SPONSOR OF BAHRAIN BOURSE’S 2nd EDITION OF THE “SMART INVESTOR” PROGRAM

Bahrain Bourse has announced in Bahrain.To formally grade school students. The following concepts: Thinking, Ahli United Bank, the leading announce the sponsorship, Mrs. program aims at equipping young Specifying, Planning, Execution, region bank, as a silver sponsor for Narjes Jamal, Chief Operat- students with basic concepts Saving, Progression, and the “Smart Investor” Program in its ing Officer of Bahrain Bourse, related to money management, Evaluation. The program’s next 2nd edition for the academic year received Mr. David O’Loan, savings and smart finan- edition is expected to kick-off 2019/2020. The Smart Investor Deputy Group CEO, Treasury & cial planning through during the academic year program is a national awareness Investments of AUB, along with interactive edutainment activ- 2019/2020 with planned program organised in collaboration officials from both organisations. ities in order to assist them in activities targeting the public with INJAZ Bahrain, and aims The Smart Investor program is making sound financial decisions. scheduled for the summer period. at promoting financial and a national awareness program The Program consists of investment literacy among launched in 2018 in collaboration seven-themed sessions designed elementary school students with INJAZ Bahrain targeting to equip students with the 6 Issue 19 -MARCH 2019 www.bahrainbourse.com

GUeSTS

Students of Ibn Khuldoon National School

Students of Kingdom University

The Economic Attaché of the French Embassy in the Kingdom of Bahrain

Students of Creativity School

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GUeSTS

Students of Al-Ma›refa Secondary Girls School ACTIVITIES Bahrain Bourse Concludes its Participation as Co-Partner in the 2nd E-Pay Summit Bahrain Bourse concluded its participation as Co-Partner in the 2nd E-Payments and Online Banking Summit which was held in the Kingdom of Bahrain on 11–12 March 2019 at the Ritz-Carlton Bahrain under the patronage of the Central Bank of Bahrain and Chairmanship of Mr. Abdulkareem Bucheery, Chairman of Bahrain Bourse.

Bahrain Bourse Holds its Semi-Annual Brokers Meeting Bahrain Bourse held its semi-annual brokers meeting for its broker members and market makers, which was held at the Bourse’s premises in the Bahrain Financial Harbour. The meeting began with a brief presentation presented by Mr. Abdulla Janahi, Director of Trading Operations at Bahrain Bourse to update brokers on key developments taking place during 2019 which includes new fees implementation and leasing of brokers’ offices in Bahrain Bourse.

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ACTIVITIES

C5 Accelerate hosts Bahrain Bourse as part of their Policy Hack Series C5 Accelerate, in partnership with Tamkeen, hosted Sheikh Khalifa bin Ebrahim AlKhalifa, Chief Executive Officer of Bahrain Bourse for the fifth edition of C5’s POLICY HACK series. The event, which took place on Tuesday, March 26 at the Cloud10 campus in Sanabis, discussed how the Fourth Industrial Revolution combined with effective regulation and supervision, can expand the scope, scale, and reach of financial services and startups in particular.

Sheikh Khalifa addressed Bahrain Bourse’s role in enabling high growth businesses, regulations related to listing such companies on the , and how that relates to strengthening the entrepreneurial landscape and contributing to economic growth.

Sheikh Khalifa also touched on the investor-centric services that Bahrain Bourse is currently offering or planning to roll-out, especially through the launch of myShare Card, along with BHB’s collaboration with various retail banks to offer the Bahrain Trade Platform to their respective clients.

The event ended with an open Q&A session with the startup community and networking opportunities.

This event was planned ahead of the Global Entrepreneurship Congress (GEC) spearheaded by Tamkeen from 15th to 18th April 2019. GEC is a global gathering of entrepreneurs, policymakers, startups and investors with the aim to gain insights into new policy ideas, provide startups with the knowledge on how to scale new ventures and to provide valuable networking opportunities.

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BHB Family Bahrain Bourse and Bahrain Clear Team Take Part in Bahrain Sports Day In conjuction with Bahrain sports day celebrated all over the Kingdom, and with the aim of promoting lifestyle sports among employees, Bahrain Bourse and Bahrain Clear Team took part in Bahrain Sports Day on Tuesday, 12th February 2019.

Bahrain Bourse and Bahrain Clear Organize a Desert Camp Gathering Bahrain Bourse and Bahrain Clear organized on Friday, 22nd February 2019 a desert camp gathering for the employees and their families.

Aiming at strengthening employees social connection and engagement, the gathering included various entertainment activities and raffles targeting different age groups.

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BHB Family Mother’s Day Celebrated Bahrain Bourse and Bahrain Clear marked the occasion of Mother’s Day on Thursday, 21st March 2019.

Female employees at Bahrain Bourse and Bahrain Clear who are mothers, were celebrated and recognized for their efforts in balancing the work and family aspects of their life.

BHB Family New Joiners Mohamed Adeeb Layla Adel Rasti Senior Administrator Senior Administrator of Financial & Accounting Affairs of Listing & Disclosure

Omar Ebrahim Alshair Husain Ali Haji Senior Administrator Senior Administrator of Central Depository of Clearing & Settlement

Fatema Baqer Mahroos Senior Administrator of Marketing & Business Development

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BHB Family

Happy Occassions Engagements • Noora Ali Alshamlan, Head of Financial & Accounting Affairs • Ali Husain Harmazi, Senior Administrator of Trading Operations

interactive VIDEOS

nd Bahrain Bourse Co-partner in the 2 ePay CEO of Bahrain Bourse’s Interview with CNBC Summit Arabia

BTV’s coverage of Bell Ringing Ceremony for Bahrain Bourse Hosts Bell Ringing Ceremony as Gender Equality part of its Commitment towards UN’s Sustainable Stock Exchanges Initiative

BTV’s coverage of Bell Ringing Ceremony for C5 Hosts Bahrain Bourse as part of its Policy Gender Equality Hack Series

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