According to the bank, the listing will come after approvals from regulatory authorities in Bahrain and the UAE, including the Central Bank of Bahrain, the DFM, and the Securities and Commodities Authority.
The Ministers of Finance of the Kingdom of Saudi Arabia, the United Arab Emirates, the State of Kuwait…
28 | the publication reaches you by | Bahrain News“Listing the bank’s shares on the DFM is a qualitative shift in the bank’s operations and embodies the objectives of creating a favourable environment for shareholders to trade their shares, enhancing the bank’s market value,” said Dr Ahmed Khalil Al Mutawa, chairman of KHCB’s board of directors.
“This is built on the trust of investors that the Bank has earned, resulting from the successes and high returns we have achieved over the past few years.
“The economic development witnessed by the UAE has encouraged the bank’s management to choose the DFM as a starting point to trade shares outside the Kingdom of Bahrain, which represents another step towards linking the financial markets of Bahrain and the UAE,” he added.
ONE of the largest jewellery retailers, Malabar Gold and Diamonds, has launched a special collection of diamond and…
16 | the publication reaches you by | Bahrain News
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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).
