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Issue 16 - JUNE 2018
www.bahrainbourse.comALMOAYED CHAMBERS APPOINTED AS AUTHORIZED
SPONSOR ON BAHRAIN INVESTMENT MARKET
Bahrain Bourse (BHB) and Al-
moayed Chambers signed on
Tuesday 10
th
April 2018 an agree-
ment to appoint Almoayed Cham-
bers as an Authorized Sponsor
on Bahrain Investment Mar-
ket (BIM), an innovative equity
market for growth companies in
Bahrain and the wider MENA re-
gion. The agreement was signed
by the Chief Executive Officer of
Bahrain Bourse, Shaikh Khalifa
bin Ebrahim Al Khalifa and the
Chairman of Almoayed Chambers,
Mr. Aymen Tawfeeq Almoayed.
Bahrain Investment Market’s part-
nership with Almoayed Cham-
bers follows similar tie-ups with
well-known specialized advisory
firms such as BDO Jawad Habib,
Keypoint, KPMG, and SICO. As
per BIM rules, companies must
appoint and retain a sponsor both
pre and post listing. In return, the
sponsor is responsible for provid-
ing companies the required sup-
port and guidance to fulfill the
BIM admission and financial dis-
closure requirements, and ensur-
ing all pre-listing requirements and
post-listing documentation and
disclosures are continuously met.
It is worth noting that Bahrain
Bourse operationally launched
the Bahrain Investment Market
(BIM) in March 2017 to offer the
region’s fast-growing companies
an alternative cost-and time-ef-
fective means for raising capital.
The BIM has been launched in stra-
tegic partnership with Tamkeen to
support businesses and enterprises
to cover their costs associated with
listing and appointing a sponsor.
The market features relaxed
admission requirements and
reduced financial disclosure
rules, access to global investors,
guidance services through au-
thorized sponsors, a dedicated
Tamkeen support program, and
a number of other unique val-
ue-added benefits and features.