Silah Gulf shares commences trading onBahrain Bourse

TDT | Manama

Email: mail@newsofbahrain.com

Bahrain Bourse announced yesterday the listing of Silah Gulf (Silah), a local portfolio company of Bahrain Mumtalakat Holding Company, under the trading symbol ‘SILAH’ on the “Mainboard Market”, where a ringing bell ceremony was held to mark the commencement of trading on Silah shares in the presence of HE Khalid Humaidan, Governor of the Central Bank of Bahrain, HE Sh. Abdulla bin Khalifa Al-Khalifa, CEO of Mumtalakat, HE Mohamed AlQaed, Chairman of Silah, Sh. Khalifa bin Ebrahim Al Khalifa, CEO of Bahrain Bourse, Mrs. Najla Al Shirawi, Group CEO of SICO, Mr. Yaser Alsharifi, Group CEO of BBK alongside the Board Members and executive management of Bahrain Bourse and Bahrain Clear, and senior representatives from various entities and stakeholders.

16.3 million shares

The Silah IPO transaction was concluded on 26 January 2026, during which 16.3 million shares were offered at a price of BHD 0.176 per share, representing 30% of the company’s total issued post-IPO share capital, with a total value of BHD 2.9 million. The IPO has been met with strong retail & professional demand resulting in a total subscription of 4.0 times, representing 64.9 million shares, with total demand exceeding BHD 11.4 million, of which 97% of the subscriptions received were submitted through Bahrain Clear’s eIPO Portal.

On his part, Sh. Khalifa bin Ebrahim Al Khalifa, Chief Executive Officer of Bahrain Bourse said: “We are pleased to welcome the listing of Silah Gulf under the Information Technology Sector on Bahrain Bourse, representing an important step in further diversifying the market sectors. This listing reflects Silah’s commitment to innovation and growth, while offering investors an opportunity to participate in the success of a leading player within the Information Technology industry landscape.”

H.E. Mohammed Al Qaed, Chairman of Silah Gulf, said: “The company’s official listing on the Bahrain Bourse under the Information Technology sector marks a pivotal milestone in the company’s journey. This step reflects the company’s operational strength, sustainable performance, and its commitment to the highest standards of governance and transparency, reinforcing investor confidence and supporting further growth and regional expansion. This also contributes to strengthening the national economy and enhancing Bahrain’s position as a regional leader in customer experience, communications, and digital innovation, within a stimulating investment and regulatory environment aligned with Bahrain Economic Vision 2030.”

Mrs. Najla Al-Shirawi, SICO’s Group CEO said: “We are proud of our role as lead manager to the Silah Gulf IPO. Our mandate included conducting extensive due diligence, undertaking a comprehensive financial valuation, and coordinating closely with all relevant stakeholders to complete the regulatory process and obtain the required approvals. This successful listing reflects the strong collaboration among all parties involved, and we extend our sincere appreciation to our partners for their contribution to the successful execution of the transaction.”

Silah Gulf (Silah) will commence trading under the trading symbol ‘SILAH’ in the Initial Listing Market for a duration of six months according to the procedures followed in the market, and will then be transferred to the Regular Market to be traded under the Information Technology Sector. Following the listing of Silah, the total number of listed companies at Bahrain Bourse rose to 41 companies.