Saturday, August 24, 2019

NBB Joins Bahrain Bourse’s Online Trading Service “Bahrain Trade”

In the presence of Shaikh Khalifa bin Ebrahim Al-Khalifa, CEO of Bahrain Bourse and executive management members, the National Bank of Bahrain and Mubasher Financial Services signed on Monday, 2nd of July, 2018 an agreement to enable investors to trade on Bahrain Bourse (BHB) online via the “Bahrain Trade” platform. The agreement was signed by the National Bank of Bahrain’s Chief Executive Officer Mr. Jean-Christophe Durand and General Manager of Mubasher Financial Services Mr. Zaid Aloul at Bahrain Bourse’s premises.

Commenting on the signing of the agreement, National Bank of Bahrain’s Chief Executive – Treasury, Capital Markets & Wealth Management, Mr. Hussain Al Hussaini said “In line with NBB’s commitment to continue enhancing our product and service offering, we’re delighted to announce that we will soon offer our customers the opportunity to trade in Bahraini equities online in cooperation with the Bahrain Bourse and Mubasher. This is another example of the emphasis NBB is putting on providing our customers with new digital services and access, giving them greater flexibility and freedom to transact and manage and build wealth. We look forward to providing online brokerage services through “Bahrain Trade” to our existing clients and providing a robust, secure platform through which we expect to attract other new local, regional and international investors interested in trading Bahraini stocks.”

On his part, CEO of Bahrain Bourse Shaikh Khalifa bin Ebrahim Al-Khalifa, said, “We are pleased to have the National Bank of Bahrain come onboard as a Participating Bank in Bahrain Trade. This solution that goes in line with Bahrain Bourse’s strategy to facilitate investor access is an innovative technology-driven solution provided to meet investors’ ever-changing expectations.”

“Bahrain Trade will enable the National Bank of Bahrain, along with other banks within Bahrain Trade network to facilitate their clients’ access to the Bourse which in turn will widen these institutions’ clients’ services.” Shaikh Khalifa added.

“We are looking forward to having other banks and financial institutions follow the step taken by the National Bank of Bahrain by joining this service to enjoy the range of opportunities that Bahrain Trade can offer to their current and potential clientele base.” Shaikh Khalifa added.

Mr. Zaid Aloul, General Manager of Mubasher Financial Services Financial Services said, “We are pleased to provide this innovative online trading solution to NBB, going in line with our continuous efforts to invest in technology and offer online trading solutions to enhance the trading activity at Bahrain Bourse. ”

It is worth mentioning that Bahrain Trade is an innovative trading solution launched in October 2017.  The solution is being powered by licensed brokers on Bahrain Bourse and has been designed to provide investors with high-tech and safety for execution of transactions as well as convenience and ease of use.

Financial institutions interested in participating in the Bahrain Trade Network may contact Bahrain Bourse’s Marketing and Business Development Team on (+973) 17108780 or email [email protected] for further information.

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