Sunday, March 29, 2020

Batelco Founding Member of Middle East Investor Relations Association Bahrain Chapter

Bahrain Bourse & MEIRA Establish a Bahrain Chapter to Further Advance Investor Relations Landscape in the Kingdom of Bahrain

Batelco is proud to announce that the Company has signed an agreement to become one of the founding partners of the Bahrain Chapter of the Middle East Investor Relations Association (MEIRA).

MEIRA has officially launched a new chapter in Bahrain, to further develop and enhance best practices in Investor Relations (IR) across the Kingdom of Bahrain.

The MEIRA Bahrain Chapter was formally announced recently at a signing ceremony of founding members, which includes ALBA, Bank ABC, National Bank of Bahrain, SICO Bank, Ithmaar Holding as well as Batelco. Bahrain Bourse will lead the MEIRA Bahrain Chapter.

The signing ceremony took place at the Bahrain Bourse premises with Batelco Chief Financial Officer Faisal Qamhiyah singing on behalf of Batelco. The ceremony was followed by an IR seminar attended by more than 30 representatives from local listed companies who had the opportunity to discuss the importance of the IR function from the investment community perspective. This initiative is part of the MOU signed between MEIRA and Bahrain Bourse in order to support the development of international standards in IR and corporate governance across the Kingdom.

Commenting on the new chapter, Andrew Tarbuck, MEIRA Chairman said: “Since MEIRA signed the MOU with Bahrain Bourse in November, we have been working very closely with the exchange to develop a dynamic and committed Chapter in the Kingdom. This is a great milestone for MEIRA and the Bahraini capital markets and represents a unique opportunity to raise awareness of the importance of IR in the Kingdom. We look forward to collaborating with our Chapter Members and with Bahrain Bourse as the Chapter Head to increase the effectiveness and quality of the IR function among the organisations in the Kingdom through our wide range of activities and training programmes.”

Faisal Qamhiyah, Batelco Chief Financial Officer added, “This is a great opportunity for Batelco to be part of this initiative to promote and raise awareness relating to investor relations’ best practices across the Kingdom of Bahrain.

On this occasion, Shaikh Khalifa Bin Ebrahim Al Khalifa, Chief Executive Officer of Bahrain Bourse, commented: “The establishment of the Bahrain MEIRA Chapter sets the ground for establishing a solid network of IR professionals in the Kingdom of Bahrain, and will certainly help in advancing the IR function and promoting international best practices among listed companies in the capital market.”

“Bahrain Bourse will play a major role in this initiative to promote best practices in IR. Further, the roll-out of the chapter will also signal to the international investment community our commitment and enhance the possibility of inclusion in emerging markets indices,” added Shaikh Khalifa.

Members of the MEIRA Bahrain Chapter will now have access to a wealth of IR knowledge from global leaders in the profession in the form of specific educational initiatives and will be able to benefit from engaging local events aimed at uniting and advancing the IR community.

MOST READ

HH Shaikh Nasser bin Hamad Instructs for Distributing HH Endurance Race’s Awards to Local Studs

HH Shaikh Nasser bin Hamad Al Khalifa, His Majesty the King’s Representative for Charity Works and Youth Affairs, National Security Advisor, President of the...

Batelco AGM Announces BD45.7M Cash Dividends for 2019

Batelco (Ticker: BATELCO), the Kingdom’s leading digital solutions provider, held its Annual General Meeting (AGM) for the twelve-months ended 31 December 2019 (“the year”)....

Discard Bad Habits by Dhananjay Mahadev Datar

Many years ago I unfortunately had the habit of smoking. Actually I was not a chain smoker, but would enjoy five or six cigarettes...

Your ID Card Requests Can Be Completed Online!

If you’re looking to renew your ID card or need other services related to it, remember that there’s no need to invest time and...

Fitbit Charge 4 leak reveals built-in GPS and new fitness tracking features

Fitbit’s upcoming Charge 4 fitness tracker broke cover earlier in March. Revealing a design that was virtually identical to the 2018 Charge 3 model....

ICT Governance Committee discusses efforts to develop Education Portal (eduNET)

The ICT Governance Committee (ICTGC) held its 33rd meeting Chaired by the Information & eGovernment Authority (iGA) Chief Executive, Mohammed Ali Al Qaed to...

stc Bahrain adopts precautionary measures and provides innovative solutions to connected

In line with the Ministry of Health guidance, and as part of the preventive measures against the widespread of the COVID 19 virus, stc...

Batelco Introduces Same-Day Home Delivery to Serve its Customers

Batelco is pleased to announce the introduction of same-day Home Delivery service starting from Thursday 26-March, to support the community during the current period...

The National Taskforce for Combating COVID-19 introduces new measures to contain spread of virus

The National Taskforce for Combating the Coronavirus (COVID-19) held a press conference at the Crown Prince Center for Training and Medical Research at the...

Katu [Pungent] Rasa

Out of the six ‘rasas’ or tastes as defined in Ayurveda, the Indian science of healing, ‘Katu,’ rasa is pungent taste or very spicy...

Huawei extends expiring warranty of its products to ensure customer health and convenience in Bahrain

Huawei offers users an extended warranty on a range of products. This as a precautionary measure based on recent public health and prevention considerations....

‘Ministry succeeded in ensuring continuity of educational services’

Education Minister, Dr. Majid bin Ali Al-Nuaimi, has affirmed that the Ministry of Education has succeeded in ensuring the continuity of its educational services...

Lulu Group Airlifts Food Consignment on Gulf Air

In keeping with food security amidst the global outbreak of the Coronavirus COVID-19, Lulu Hypermarket has airlifted a special food consignment on a chartered...

Sunni Endowments Directorate suspends Friday, communal prayers at its mosques until further notice

The Sunni Endowments Directorate has suspended Friday and communal prayers at all mosques and prayer areas affiliated with it, starting from today’s Maghrib prayers...

HM King directs RHF to provide support to needy families affected by COVID-19

His Majesty King Hamad bin Isa Al Khalifa issued an order to help needy families registered with the Royal Humanitarian Foundation (RHF) and the...