Almoayed Chambers Appointed Authorized Sponsor on Bahrain Investment MarketSource: www.export-egypt.com 4/11/2018, Location: Middle East |
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Bahrain Bourse (BHB) and Almoayed Chambers have signed an agreement to appoint Almoayed Chambers as an Authorised Sponsor on Bahrain Investment Market (BIM), an innovative equity market for growth companies in Bahrain and the wider MENA region.
The agreement was signed by the Chief Executive Officer of Bahrain Bourse, Shaikh Khalifa bin Ebrahim Al Khalifa and the Chairman of Almoayed Chambers, Aymen Tawfeeq Almoayed. "We are pleased to appoint Almoayed Chambers as one of the Authorized Sponsors within the Bahrain Investment Market," Shaikh Khalifa said. "The partnership with Almoayed Chambers supports Bahrain Bourse’s efforts to encourage and facilitate the listing of companies on Bahrain Investment Market, and increases the options available for prospective companies interested in listing on this market." Almoayed said the creation of the Bahrain Investment Market within the wholly self-regulated framework of Bahrain Bourse is a phenomenal achievement and exemplifies the positively disruptive and innovative vision and wisdom of Bahrain’s leadership. "We are proud of the humble supportive role we played in its creation and look forward to opportunities to further aid the market and its members as Authorized Sponsors." Bahrain Investment Market’s partnership with Almoayed Chambers 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 providing companies the required support and guidance to fulfill the BIM admission and financial disclosure requirements, and ensuring all pre-listing requirements and post-listing documentation and disclosures are continuously met. 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-effective means for raising capital. The BIM has been launched in strategic 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 authorized sponsors, a dedicated Tamkeen support program, and a number of other unique value-added benefits and features. |
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