Bahrain Bourse has announced the temporary closure of its trading floor to the public as a preventive measure effective March 19 and until further notice.
This decision is as part of the efforts of Bahrain’s government entities to combat the spread of the novel Coronavirus (COVID 19), a statement said.
Bahrain Bourse and Bahrain Clear consider the health and safety of its employees, investors and business partners as one of its top priorities. Hence, several precautionary measures have been instated, it said.
The temporary closure of the trading floor will not affect the trading activity and it continue as usual, it clarified.
Bahrain Bourse offers various trading channels, traditional via authorised brokers; and digital via Bahrain Trade participating financial institutions. Investors will also be able to process payment and settlement of fees online via Fawateer platform. Investors will be able to track the market via Bahrain Bourse website, Bahrain Bourse Mobile App, and view their statement via eServices.
A dedicated hotline has been setup for scheduling of appointments. Investors are requested to contact the hotline for via 17108775 or via WhatsApp for Business 33510008 or via email email@example.com
“Bahrain Bourse would like to assure all stakeholders that we are fully prepared, with a robust business continuity plan (BCP) in place which encompasses several measures to ensure continuity of key business functions appropriately without disruption. We are following guidance from international and local health authorities including World Health Organization (WHO), Ministry of Health, Supreme Council of Health,” the statement added.
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The Arab states of the Persian Gulf are the seven Arab states which border the Persian Gulf, namely Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).This excludes the non-Arab state of Iran. All of these nations except Iraq are part of the Gulf Cooperation Council (GCC).