Plans for dual listing of Bahraini, Egyptian companies on the stock exchange

CAIRO - 17 May 2022: The Egyptian ambassador to the Kingdom of Bahrain, Yasser Shaaban, revealed plans for the dual listing of Egyptian and Bahraini companies on the Bahrain Stock Exchange and the Egyptian Stock Exchange.

 

He pointed out that the process is still subject to regulatory approvals in the two countries, according to the Bahraini Al-Ayyam newspaper.

 

Shaaban noted that those applications for listing are still being studied by the regulatory authorities between the two brotherly countries.

 

He said that the two stock exchanges signed a joint memorandum of understanding in early 2016 with the aim of facilitating the dual-listing process between the two stock exchanges, in addition to cooperating in strengthening the technological and informational infrastructure of the Bahrain Bourse, which contributes to facilitating the flow of investments in the portfolio between the two brotherly countries.

 

Shaaban spoke about the organization of the Egyptian embassy in Bahrain for the first virtual seminar at the level of Egyptian embassies, which are present in 153 countries, to promote the investment and savings programs offered by the Egyptian Stock Exchange.

 

He added that the invitation is available to members of the Egyptian community in the Kingdom of Bahrain, as well as Bahraini citizens, which will be held on Saturday, May 21, 2020 at 11:30 am Bahrain time on the electronic link.

 

The seminar will address the investment and savings solutions offered by the Egyptian Stock Exchange to safe and secured companies in terms of the feasible return on investment and the safety limits for the investment of the Bahraini brothers and the Egyptian community residing in the Kingdom of Bahrain.

 

The list of speakers includes the Chairman of the Board of Directors of the Egyptian Stock Exchange and representatives of financial brokerage companies. The embassy considers this seminar an opportunity to inform the ladies and gentlemen of the Egyptian community in the Kingdom of Bahrain, as well as the brothers in the Kingdom of Bahrain, to introduce the Egyptian financial market and electronic trading and how to invest and trade in the Egyptian Stock Exchange.

 

Shaaban stressed that the Egyptian embassy in Bahrain pays attention to strengthening the bonds of cooperation and partnership between the private sector in Egypt and the Kingdom of Bahrain, to benefit from the economic and investment potentials in the two countries, and to translate the global challenges and crises imposed by the Coronavirus pandemic into real opportunities in trade and investment, and to strengthen the links between the financial and banking sectors in the two countries through financing investments and developing trade exchange between the two countries.