7
Issue 11 - MARCH 2017
www.bahrainbourse.comThe Board of Directors of Bah-
rain Clear held on Sunday 26
th
March 2017 its first meeting with
the presence of all members. At
the beginning of the meeting
and as per the company’s Arti-
cle of Association, the members
elected Abdulkareem Bucheeri
as the Chairman of the compa-
ny and Shaikh Khalifa bin Ebra-
him Alkhalifa as Vice-Chairman.
During the meeting, the Board
discussed the action plan submit-
ted by Thomas Murray to estab-
lish Bahrain Clear Company. The
Board also looked into the other
requirements of the Central Bank
of Bahrain along with the adminis-
trative and technical requirements
of establishing Bahrain Clear
and discussed the mechanisms
to achieve those requirements.
Shaikh Khalifa bin Ebrahim
Al-Khalifa was appointed as a
Managing Director to manage the
company until a Chief Executive Of-
ficer is appointed for the company.
Bahrain Clear Company is ful-
ly owned by Bahrain Bourse
with an Authorized Capital of
BD5,000,000 and Paid Capital
of BD1,000,000. The company’s
Board includes Abdulkareem Bu-
cheeri, Shaikh Khalifa bin Ebra-
him Alkhalifa, Yasser Abduljalil
Alsharifi, Mohammed Khalid
Hashem, Narjes Farookh Jamal and
Mahmood Abdul Azeez Almeer.
The main activities include es-
tablishment, management and
operation of platforms relating to
depository, clearing and settlement
of deals in securities and deriva-
tives. It will also manage the share
registrars and offer custodian ser-
vices as well as all consultancy and
technical services in the field of de-
pository, clearing and settlement.
ABDULKAREEM BUCHEERI ELECTED CHAIRMAN OF BAHRAIN CLEAR
THE BIBF AND BAHRAIN BOURSE COLLABORATE TO PROMOTE TRADING SKILLS
Bahrain Bourse, in cooperation
with the Bahrain Institute of Bank-
ing and Finance (BIBF) launched
a new Trading Course to enhance
the skills of Investing and Trading
among Bahrainis. Both the BIBF
and BHB will launch joint ini-
tiatives promoting trading skills
among School children, Univer-
sity students, Bankers and every-
one who wishes to learn the skill-
fulness of trading professionally.
The Bahrain Bourse will facilitate
the BIBF Dealing room courses to
its stakeholders, while the BIBF
will offer current simulation pro-
grammes to meet dynamic market
requirements through market sur-
veys and focus group discussions.
The BIBF will support BHB in ad-
dressing training needs of staff in
Capital Markets with programmes
like “Securities Market Regulation
Certification” - Based on Series 79.
Khalifa bin Ebrahim Al-Khalifa ,
CEO of Bahrain Bourse said that
the signing of the mutual coop-
eration agreement introduces a
specialized educational platform
of investing in financial markets
will be launched. The platform
will encompass awareness pro-
grams to address the needs of
all ages of citizens and will open
up doors to cooperate in various
areas between BHB and BIBF
during the upcoming period. We
hope that a large segment of citi-
zens benefit from the educational
opportunities that the platform
will provide to enhance their in-
vestment awareness and develop
their skills in dealing at bours-
es and capital markets,” he said.
The Director of the BIBF, Ms.
Solveig Nicklos, said “We see this
initiative between the BIBF and
BHB a further enhancement to the
skill-set required in Capital Mar-
kets. The approach we are taking
is a holistic one where we are tak-
ing steps to boost required skills
from an early stage starting with
schools and move upwards to train
professionals at the same time.”