Bahrain Bourse and Tamkeen Discuss Developments of BIM

Sunday, February 12, 2017
Shaikh Khalifa bin Ebrahim Al Khalifa, the Chief Executive of Bahrain Bourse (BHB) met on Tuesday 7th February 2017 Dr. Ebrahim Mohammed Janahi Chief Executive of Tamkeen to discuss the latest developments achieved in Bahrain Investment Market (BIM).

During the meeting, Shaikh Khalifa praised the role that Tamkeen plays in supporting entrepreneurs and assured the importance of Tamkeen and other institutions in the success of BIM in a way that benefits the national economy and the investment environment.

“BIM is one of the initiatives that the Bourse launched to support the State’s efforts in supporting entrepreneurs in a way that enhances the economic growth of the Kingdom of Bahrain and creates more investment opportunities and wealth and boosts productivity by providing financing alternatives with reasonable cost to finance their expansion plans in comparison to banking loans”, Shaikh Khalifa added.  He also clarified that growing companies that have a record of success, expertise and clear business plan can seek listing in BIM.  BIM has been created to help those type of companies fund their expansion plans by raising capital through Bahrain Bourse.

Shaikh Khalifa revealed that the Bourse will soon approve the applications of consultants that growing companies seeking listing in BIM can appoint to represent them at BHB in all listing stages, starting with submitting the listing application until raising capital.

Dr. Ebrahim Mohammed Janahi Chief Executive of Tamkeen praised the initiative and said: “Bahrain Investment Market is considered one of the promising projects. It will help startups to acquire the funding solutions they need in order to attain progress and success. Tamkeen is studying the possibilities of supporting this project as it comes in line with our objectives to aid the creation and development of enterprises in Bahrain for economic prosperity”.