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Issue 11 - MARCH 2017
www.bahrainbourse.comBAHRAIN BOURSE APPROVES MUBASHER COMPANY AS A MARKET MAKER
Bahrain Bourse signed on Thurs-
day, 16 March 2017 an agreement
with Mubasher Company, licensing
Mubasher to commence its mar-
ket making services in Bahrain
Bourse. The agreement was signed
by Shaikh Khalifa Bin Ebrahim Al
Khlaifa, CEO of Bahrain Bourse
and Eng. Mohammed Rasheed Al
Ballaa, Chairman of Mubasher.
Shaikh Khalifa expressed his de-
lightedness with the commence-
ment of Mubasher’s Market Mak-
ing services in the Bourse, which
will have a positive impact on in-
creasing the market depth and en-
hancing the trading activity, given
the wide experience Mubasher has
along with the diversified network
of offices and distinctive client da-
tabase, making it one of the biggest
brokerage companies in the region.
Shaikh Khalifa also wished
Mubasher success, noting that the
completion of the Bourse’s legis-
lative, technological and technical
requirements according to inter-
national standards participated as
noted by the licensing of multi-
ple market makers in the Bourse
during a short period of time.
Shaikh Khalifa assured the com-
mitment of the Bourse in develop-
ing its different work aspects in a
way that meets the ambitions and
expectations of all related parties,
contributing to the investment cli-
mate of the capital sector and in-
creasing the competitiveness of the
Bourse in attracting more invest-
ments to all the economic sectors in
the Kingdom of Bahrain, leading to
the national economy’s prosperity.
He also pointed that the pres-
ence of more than one mar-
ket maker in the Bourse will
benefit investors and improve
the services provided to them.
Chairman of Mubasher, Eng. Mo-
hammed Rasheed Al Ballaa said
that signing this market making
agreement goes in line with the
long-term strategy to enhance our
presence in Bahrain and contrib-
ute to increase trading activity
and improve market efficiency.
It is worth mentioning that the
market making guidelines is-
sued by the Bourse highlighted
the mandatory procedures to be
followed by market makers in-
terested in applying for a license.
Legal, administrative, finan-
cial, technical and accounting
requirements that must be met
when submitting applications,
as well as the need to meet the
Capital Adequacy requirements
are clarified in the Guidelines.