Grant Thornton Abdulaal Appointed as Authorized Sponsor on Bahrain Investment Market

Monday, November 26, 2018
Bahrain Bourse (BHB) and Grant Thornton signed on Monday 26th November 2018 an agreement to appoint Grant Thornton Abdulaal as an Authorized Sponsor in Bahrain Investment Market (BIM), an innovative equity market for growth companies in Bahrain and the wider MENA region. The agreement was signed by the Chief Executive Officer of Bahrain Bourse, Shaikh Khalifa bin Ebrahim Al Khalifa and Managing Partner of Grant Thornton Abdulaal, Mr. Jassim Abdulaal.

On this occasion, the Chief Executive Officer of Bahrain Bourse, Shaikh Khalifa bin Ebrahim Al Khalifa said, “We are pleased to have Grant Thornton Abdulaal as an authorized sponsor on Bahrain Investment Market. This partnership enhances the network of authorized sponsors on the BIM market.

“The partnership reflects the Bourse’s keenness in encouraging the listing of companies on Bahrain Investment Market and increases the opportunities available for prospective companies interested in listing on this market,” Shaikh Khalifa added. 

The Managing Partner of Grant Thornton Abdulaal, Mr. Jassim Abdulaal commented stating “The world is changing in a fast rhythm as new enterprises are emerging all around us especially various tech start-ups and FinTech companies with smaller capital requirements. Bahrain Investment Market (BIM) presents a great option for fast-growing companies. We at Grant Thornton Abdulaal are proud to be participating as Authorised Sponsors. We are confident that with the help of our qualified team and well-defined approach in their listing journey on BIM. Our objective is to provide sustainable solution for companies interested in listing on Bahrain Investment Market (BIM) including family businesses and corporate houses based in Bahrain.

Grant Thornton Abdulaal is one of the leading Audit, Tax and Advisory firm in the Kingdom of Bahrain. The firm has seen exponential growth during last decade and serving more than 1,200 clients across industry segment in Bahrain. At Grant Thornton Abdulaal we truly relay on capability of our senior qualified resources, which includes 6 partners and over 100 staff to offer a full range of services to help clients of all sizes to address the challenges and ready for opportunities for future growth. As a member firm of Grant Thornton International, we draw upon a network of presence in 136 countries and over 50,000 experts who serve clients globally.

Bahrain Investment Market’s partnership with Grant Thornton Abdulaal follows similar tie-ups earlier with well-known specialized advisory firms, KPMG, Keypoint, BDO Jawad Habib, SICO and Almoayed Chambers. The increasing network of authorized sponsors that BIM is partnering with have significantly enhanced the options available for prospective companies interested in listing on Bahrain Investment Market. For the authorized sponsors (specialized advisory firms), the benefits include being associated and authorized by a licensed exchange, as well as access to dynamic companies.

It is worth mentioning that Bahrain Investment Market (BIM), which was officially launched in March 2017 by the Bahrain Bourse, features relaxed admission requirements and reduced financial disclosure rules, access to global investors, guidance services through authorized sponsors (specialized advisory firms), and many other benefits.

Companies interested in listing on BIM and specialized professional advisory firms interested in becoming authorized by the Bahrain Bourse may contact the dedicated Help Desk by calling (+973) 17 261260 or emailing [email protected]