*** ----> Bahrain Bourse joins hands with Saudi Tadawul Group | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

Bahrain Bourse joins hands with Saudi Tadawul Group

TDT | Manama                                                            

The Daily Tribune – www.newsofbahrain.com

The Bahrain Bourse and the Saudi Tadawul Group signed a cooperation agreement on the sidelines of the third meeting of the Saudi-Bahraini Coordination Council in Riyadh.

Speaking on the occasion, the Chief Executive Officer of the Bahrain Bourse, Shaikh Khalifa bin Ibrahim Al Khalifa, affirmed the strong and longstanding fraternal relations between the Kingdom of Bahrain and the Kingdom of Saudi Arabia, which have been witnessing continuous growth in various fields.

The two parties will work on strengthening and developing an integrated structure to enhance investments in both markets, including the development of new products.

Shaikh Khalifa said: “This agreement seeks to generate a multitude of investment opportunities for investors in both countries. This will be achieved through the development and introduction of various innovative products and the enhancement of trading mechanisms.

This includes streamlining deposit and clearing processes in both markets, which is anticipated to considerably boost the linkage and collaboration between the two markets and, in turn, support the economic growth of both countries.”

CEO of the Saudi Tadawul Group, Khalid bin Abdullah Al Hussan, said: “The agreement with Bahrain Bourse allows us to further drive regional integration amongst GCC exchanges while unlocking exciting opportunities for investors regionally and internationally.”