Bahrain Bourse (BHB) has introduced regulatory changes to Bahrain Investment Market (BIM), an equity market designed for fast-growing companies seeking growth capital.

The changes are intended to support the growth and development of the investment market and make it more attractive with an easily accessible admissions process. Developed after an exhaustive review of the market requirements, these changes will form a crucial part of the Financial Services Sector Development Strategy to further support growth companies.

The amendments are to take effect immediately, and companies will now be allowed to file their listing application for BIM through BHB directly without the mandatory requirement of appointing an authorized sponsor which would further lower the cost of listing on BIM, streamline the process of Complaints, Arbitration, Investigation and Disciplinary Proceeding in line with BHB Listing Rules.

Mr. Shaikha AlZayani, Director of BHB Listing and Disclosure said, “The regulatory changes introduced form part of our ongoing strategic plans to further enhance BIM, based on our careful review of the market and taking into consideration the needs of market participants.”

He added, “We are constantly working with various stakeholders to ensure the efficiency of the admission process. The regulatory changes introduced aim to enhance the market positioning of Bahrain’s capital markets amongst international markets.”

The regulatory changes at BIM are aligned with the objectives of the Economic Recovery Plan and priorities of the Financial Services Sector Development Strategy (2022-2026), as BIM forms one of the key pillars that enable ease of access to growth capital funding opportunities and helps generate increased investment opportunities and instruments for capital market participants.

Source: Bahrain News Agency