BHBNewsLetter June 2016

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Issue 8 - June 2016 @BahrainBourse
BAHRAIN BOURSE APPROVES “SICO” AS THE FIRST MARKET MAKER AT BAHRAIN BOURSE
An agreement was signed be-
tween Bahrain Bourse (BHB)
and Securities & Investment
Co. (SICO) on Thursday, 26th
May 2016, to approve SICO as
a Market Maker at the bourse.
The agreement was signed by
the Chief Executive Officer
of Bahrain Bourse Sh. Khali-
fa bin Ebrahim Al-Khalifa, and
the Chief Executive Officer of
SICO Mrs. Najla Al-Shirawi.
Following the signing, Mrs.
Al-Shirawi rang the bell to open
the trading session at BHB.
According to the agreement,
SICO will be able to perform all
functions related to Market Mak-
ing at Bahrain Bourse. Those
functions include, but not limit-
ed to, making bids and offers for
shares available, along with the
volumes required for buy and
sell as well as finding the balance
price for the security by entering
the bids and offers of securities.
Sh. Khalifa welcomed SICO
as a Market Maker at Bahrain
Bourse wishing them success.
Sh. Khalifa assured BHB’s con-
tinuous commitment and keen-
ness to develop the investment
environment in the capital mar-
kets sector in the Kingdom of
Bahrain in cooperation with re-
lated parties in a way that will
satisfy various needs of issu-
ers of securities and investors.
“Market Making is one of
the aspects BHB has real-
ized that is quite important
in developing and enhancing
the investment environment.
BHB was eager to finalize all
the legal, technical, and admin-
istrative aspects related to it in
order to make Market Makers’
presence at the bourse of add-
ed value by increasing the depth
of the market, and making in-
vestment at BHB more attrac-
tive to investors and positively
reflected on the trading activity.
We hope to witness more Market
Makers at the bourse especially
that Resolution No.5 relating to
free float of listed companiesmakes
the presence of Market Makers
feasible to both investors and Mar-
ket Makers,” Sh. Khalifa added.
Mrs. Najla Al-Shirawi said,
“We are delighted to be-
come the first approved mar-
ket maker on Bahrain Bourse.
SICO has played a major role in
making a market on Bahraini equi-
ty and fixed income securities and
will continue to offer its services
and coverage of the Bahraini cap-
ital market; SICO supports new
initiatives by Bahrain Bourse to
provide greater depth and liquidity
on the Bourse, which will further
enhance the confidence of region-
al and international investors.”
BAHRAIN BOURSE LISTS 10 TREASURY BILL ISSUES AND SHORT-TERM ISLAMIC LEASE
(IJARAH) SUKUK WORTH BD741 MILLION
Bahrain Bourse (BHB) an-
nounced on Thursday, 16th June
2016 the listing of 10 issues in
the Treasury Bills Market worth a
total of BD741 million, issued by
the Central Bank of Bahrain with
discount rates ranging between
2.03% and 2.86% for 3-12 months.
With the listing of those issues,
the total number of Treasury
Bills and Short-Term Islam-
ic Lease (Ijarah) Sukuk listed at
Bahrain Bourse became 25 issues.
It is worth mentioning that the
bourse launched the Treasury
Bills Market on 31st January
2016 with the aim of enhanc-
ing cash liquidity in local and
foreign banks and institutions
dealing in this market, and pro-
viding investors in BHB with
more investment opportunities.