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Issue 11 - MARCH 2017
www.bahrainbourse.comIn line with the Bourse’s strategy
to expand product base avail-
able to investors, Bahrain Bourse
inaugurated the listing of the
first REIT on its market in the
presence of Eskan Bank Gener-
al Manager Dr. Khaid Abdulla.
BHB Chief Executive Shaikh Khal-
ifa bin Ebrahim Al Khalifa, said:
“The commencement of trading
of Bahrain’s first Sharia-compli-
ant retail real estate investment
trust underlines the ongoing ini-
tiatives by the Central Bank of
Bahrain and Bahrain Bourse to
bring new products and services
ESKAN BANK REIT UNITS COMMENCE TRADING ON BAHRAIN BOURSE
to the exchange. These are designed
to improve the Bourse’s liquidity
and depth, thereby strengthening
its competitiveness and enhanc-
ing its appeal to local, region-
al and international investors.”
Eskan Bank General Manager
Dr. Khalid Abdulla said: “We
would like to thank all our part-
ners for their contribution to the
successful offering, subscription
and listing of the Eskan Bank Re-
alty Income Trust. This provides
investors with the opportunity
to share in the Bank’s significant
property development activities,
and benefit from commercial and
residential rental income across di-
versified assets. This historic list-
ing underlines our commitment to
encourage private sector participa-
tion in the Bank’s real estate devel-
opment projects that target social
housing and its related amenities.”
Ms. Najla Al Shirawi, Chief Exec-
utive of SICO, which is the man-
dated lead manager for the offer-
ing, as well as the sub-investment
manager and dedicated market
maker, said the introduction of
this new alternative investment
asset class will add greater depth
to the Kingdom’s real estate sector,
while helping to improve liquidity
in Bahrain Bourse. Our involve-
ment illustrates SICO’s commit-
ment to broaden the investment
products available to investors in
the local market, while further
reinforcing our status as a lead-
ing provider of corporate finance
services in the GCC since 1997.
The Eskan Bank Realty Income
Trust has an attractive target of
6.5 per cent in net distributable
income payable semi-annually, and
is expected to offer lower risk and
volatility than stocks and bonds
due to long-term rents, prime-asset
backing, and no current leverage.
BAHRAIN BOURSE AND TAMKEEN DISCUSS DEVELOPMENTS OF BIM
Shaikh Khalifa bin Ebrahim Al
Khalifa, the Chief Executive of
Bahrain Bourse (BHB) met on
Tuesday 7th February 2017 Dr.
Ebrahim Mohammed Janahi Chief
Executive of Tamkeen to discuss
the latest developments achieved in
Bahrain Investment Market (BIM).
During the meeting, Shaikh Khal-
ifa praised the role that Tamkeen
plays in supporting entrepreneurs
and assured the importance of
Tamkeen and other institutions in
the success of BIM in a way that
benefits the national economy
and the investment environment.
“BIM is one of the initiatives that
the Bourse launched to support the
Kingdom’s efforts in developing
the entrepreneurial ecosystem in
a way that enhances the economic
growth of the Kingdom of Bahrain
and creates more investment op-
portunities and wealth and boosts
productivity by providing financ-
ing alternatives with reasonable
cost to finance their expansion
plans in comparison to banking
loans”, Shaikh Khalifa added. Dr.
Ebrahim Mohammed Janahi Chief
Executive of Tamkeen praised the
initiative and said: “Bahrain In-
vestment Market is considered
one of the promising projects. It
will help startups to acquire the
funding solutions they need in or-
der to attain progress and success.