Bahrain Bourse | P.O. Box: 3203 Manama - Kingdom of Bahrain | Phone: +973 17261260 | Fax: +973 17256362

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Bahrain Bourse and

Israel Diamond

Exchange Sign an

MoU Page 2

Bahrain Bourse

Achieves Excellence

in Customer Service

Award via the

National Suggestions

& Complaints System

‘Tawasul’ Page 3

Bahrain Bourse

Adopts Women

Empowerment &

‘’Working From

Home” InitiativesPage 4

Bahrain Bourse

Participates in

IOSCO’s 2020 World

Investor Week to

Promote Investor

Education Page 6

PERIODICAL PUBLICATION ISSUED BY BAHRAIN BOURSEISSUE 26 DECEMBER 2020

bahrainbourse.com

HIGHLIGHTSCEO’S MESSAGE

2020 has been an unprecedented

year full of challenges and

opportunities across all sectors.

Despite the challenges, Bahrain

Bourse has been able to navigate

throughout the year smoothly

with key milestones achieved

including, the offering of

Virtual AGM Management

Service for listed companies

through Bahrain Clear, holding

our first virtual roadshow, launch

of Sukuk-based Murabaha

Service, achievement of excellence

in service award via “Tawasul”, the

20

20

KE

Y A

CH

IE

VE

ME

NT

S

Bahrain Clear Announces Offering of Virtual AGM Management Service for Listed Companies

Bahrain Bourse Establishes ‘Amanat’ Investor Protection Funds Program

Bahrain Bourse Holds Virtual Roadshow

Bahrain Bourse Adopts New Procedures for Listed Companies with Accumulated Losses

Bahrain Bourse Launches Murabaha Service

Bahrain Bourse Achieves Excellence in Customer Service Award via ‘Tawasul’

2 0 2 0 M A R K E T P E R F O R M A N C E H I G H L I G H T SValue

BD212.80 M 1.21 B

Volume

19,309

Transactions

1,489.78 (-7.48%)

Bahrain All Share Index

BD9.28 B

Market Capitalization

1.0 X

Price to Book Value

1,668.66 (23rd February 2020)

Bahrain All Share Index 52-Week High

issuance of the first ESG voluntary

guideline to listed companies, and

the launch of ‘Amanat’ Investor

Protection Funds Program.

Throughout the year, we have been

able to deliver and participate

in more than 15 virtual events.

We look forward to another

successful year full of growth

and innovation in the capital

market in the Kingdom of Bahrain.

2

Issue 26 - DECEMBER 2020 www.bahrainbourse.com

BAHRAIN BOURSE AND ISRAEL DIAMOND EXCHANGE SIGN AN MOU

BAHRAIN BOURSE ELECTED BY THE CONSENSUS AS MEMBERS OF THE ARAB FEDERATION OF EXCHANGES BOARD OF

DIRECTORS

Bahrain Bourse announced signing

a Memorandum of Understanding

(MoU) with Israel Diamond

Exchange (IDE) on Thursday,

3rd Dec. 2020 to explore areas

of mutual interest and joint

cooperation between the two

exchanges, and to develop channels

of communication and foster the

relationship between Bahrain

Bourse and Israel Diamond

Exchange . The MoU was

signed by Shaikh Khalifa bin

E b r a h i m A l K h a l i f a ,

Chief Executive Officer of

Bahrain Bourse and Mr. Yoram

Dvash, President of Israel

Diamond Exchange (IDE).

Bahrain Bourse participated in the

meeting of the General Assembly of

the Arab Federation of Exchanges

(AFE), which was held virtually

with the participation of the Chief

Executive Officer of Bahrain

Bourse, Sh. Khalifa bin Ebrahim

Al-Khalifa and Chief Operating

Officer of Bahrain Bourse, Narjes

Farookh Jamal along with various

CEOs of stock exchanges and Arab

clearing and depository companies.

During the meeting, Bahrain

Bourse was elected by the

consensus of the members, in

addition to the Saudi Stock

Exchange (Tadawul) as members of

the Federation’s Board of Directors,

representing the Arab Gulf Region.

Amman Stock Exchange and

Beirut Stock Exchange were elected

to represent the Levant region,

and the Egyptian Exchange and

the Casablanca Stock Exchange

to represent the Arab African

countries. Misr for Central

C lear ing , Depos itor y and

Registry and Kuwait Clearing

Company were elected to represent

Arab clearing houses. In addition,

Damascus Securities Exchange,

Muscat Clearing and Depository,

and the Khartoum Stock Exchange

were elected as members of the

Audit and Governance Committee.

It is worth mentioning that the

AFE was established in June 1978

to be the guiding body for the

Arab stock exchanges, under the

recommendation of the Arab

Central Banks Conference, held

under the auspices of the General

Secretariat of the League of Arab

States in the Hashemite Kingdom

of Jordan. The Federation aims to

create a transparent environment

for the Arab capital markets,

develop market members and

reduce the barriers of security

trading across the countries

through establishing harmony

across the laws and regulations of

the Arab countries, adopting new

technologies and advanced trading

and clearing settlements. The

federation currently has 21 members

representing around 17 stock

exchanges and 4 clear ing

c o mp a n i e s , i n a d d i t i o n

to a number of brokerage

companies in the Arab region.

3

Issue 26 - DECEMBER 2020 www.bahrainbourse.com

BAHRAIN BOURSE AND THE SUPREME COUNCIL FOR ENVIRONMENT SIGN AN MOU

Bahrain Bourse announced signing

a Memorandum of Understanding

(MoU) with the Supreme Council

for Environment to enhance areas

of joint cooperation and issues

of mutual interest between the

Bourse and the Supreme Council

for Environment in areas related

to environmental conservation and

protection. The MoU was signed

by Shaikh Khalifa bin Ebrahim

Al Khalifa, Chief Executive

Officer of Bahrain Bourse and

H.E. Dr. Mohamed Mubarak Bin

Daina, Chief Executive of the

Supreme Council for Environment.

The MoU aims to encourage listed

companies to comply with the

env i ronmenta l r u l e s and

requirements and to dis-

close information related to

environmental compliance in its

issued reports. The MoU also aims

at establishing a joint committee

between the two parties to

prepare a business plan and a

timeframe to achieve the set

objectives. It is worth noting

that Bahrain Bourse issued its

Environmental, Social and

Governance (ESG) Voluntary

Reporting Guideline for listed

companies in June 2020. Bahrain

Bourse also joined the United

Nat ions Sustainable Stock

Exchanges (SSE) init iat ive

to demonstrate its voluntary

commitment to promoting

sustainable and transparent capital

m a r k e t s i n c o op e r a t i on

with listed companies and

other related stakeholders.

BAHRAIN BOURSE ACHIEVES EXCELLENCE IN CUSTOMER SERVICE AWARD VIA THE NATIONAL SUGGESTIONS & COMPLAINTS SYSTEM ‘TAWASUL’

Bahrain Bourse announced achiev-

ing “Excellence in Customer Service

Award” via the National Suggestions

& Complaints System ‘Tawasul’,

for its exceptional performance

and efficient response via the

Na t i on a l Su g ge s t i on s &

Complaints System ‘Tawasul’.

His Royal Highness Prince

Salman bin Hamad Al Khalifa,

the Crown Prince, Deputy

Supreme Commander, and First

Deputy Prime Minister, awarded

the top twenty performing

government entities within the

National Suggestion & Complaint

System ‘Tawasul’ in 2020 through

a virtual awarding ceremony.

On this occasion, Shaikh Khalifa

bin Ebrahim Al-Khalifa, Chief

Executive Officer of Bahrain Bourse

thanked HRH Prince Salman

bin Hamad Al Khalifa, the

Crown Prince, Deputy Supreme

C o m m a n d e r, a n d F i r s t

D e pu t y P r i me Mi n i s t e r,

for the trust provided to

Bahrain Bourse by receiving this

award for the first time since

joining ‘Tawasul’ earlier this year.

4

Issue 26 - DECEMBER 2020 www.bahrainbourse.com

AHLI UNITED BANK LAUNCHES BAHRAIN TRADE UNDER ITS AUB TRADER PLATFORM

BAHRAIN BOURSE ADOPTS WOMEN EMPOWERMENT & ‘’WORKING FROM HOME” INITIATIVES

Ahli United Bank Bahrain (AUB),

the Kingdom’s largest banking

institution, has announced

the launch of Bahrain Trade

As part of its gender equality

i n i t i a t i v e s , a n d a s p e r

recommendations presented

by Bahrain Bourse ‘Gender Equality

Committee’, Bahrain Bourse

(BHB) adopts a number of women

empowerment & “Working From

Home” initiatives to promote and

empower employees across the

organization, particularly female

professionals in the workplace.

The initiatives adopted aim to

u n d e r i t s AU B Tr a d e r

Platform by adding Bahrain

Bourse under the list of electronic

markets avai lable on AUB

foster a healthy work-life balance

for female professionals within the

organization through adopting

flexible “Working From Home”

measures. The initiative aims to

promote “Working from Home”

targeted towards female employ-

ees within their 3rd trimester,

flexibility of female employees

to “Work from Home” for up to

one year post-natal period, and

a flexible “Working From Home”

Trader, its online trading platform.

First launched in 2006, AUB

Trader is noted for being the first

online stock trading service in

the kingdom of Bahrain to offer

access to GCC, US, and major

European s to ck marke t s .

A U B T r a d e r s e r v e s

customers by facilitating the

process of electronic trading

through a smartphone application

available on Android and iOS,

linking them directly to the

trading floor and allowing them

to benefit from all the investment

schedule for all other employees

for a period of up to one month.

It is worth noting that Bahrain

Bourse has adopted a number

of initiatives to promote gender

equality including establishment

o f t he G ender E qua l i t y

Committee spearheaded by

Supreme Council for Women

since 2019, voluntary commitment

towards the UN’s Sustainable

Stock Exchanges “SSE” initiative

opportunities available via the

financial instruments listed on

the exchanges available. They

can also select what best suits

their objectives without the

need for dealing with a broker.

Even better, customers can get

real-time quotes, buy and sell

stocks on the go, access news

and announcements, and benefit

from a wide range of analytical

tools to help them make smarter

and better-informed decisions.

in 2019, issuance of voluntary

Environmental, Social, and

Governance Guidelines targeted

towards listed companies, and its

annual participation in the “Ring

Bell for Gender Equality” events

since 2019. In addition, female

employees today account for 41%

of Bahrain Bourse workforce

a n d f e m a l e s o c c u p y i n g

leadership roles represent 30%.

5

Issue 26 - DECEMBER 2020 www.bahrainbourse.com

BAHRAIN BOURSE REPRESENTATIVE APPOINTED AS BOARD MEMBER IN THE HOPE FUND

BAHRAIN BOURSE JOINS MIDDLE EAST INVESTOR RELATIONS ASSOCIATION (‘MEIRA’) BOARD OF DIRECTORS

Bahrain Bourse (BHB) announced

the appointment of its Chief Risk

and Compliance Officer, Mr.

Bahrain Bourse announced the

appointment of Mrs. Marwa

AlMaskati, Director of Marketing

& Business Development and Head

of MEIRA Bahrain Chapter, as a

Director in Board of Directors in

the Middle East Investor Relations

Association “MEIRA” during the

Association’s quarterly Board

meeting which was held virtually

on 9th December 2020. The

AbdulRahman Abdulla Al-Shafei

as a Board Member in the Hope

Fund for a term of four years

appointment follows efforts of

Bahrain Bourse in promoting

and developing best practices

in Investor Relations (IR) and

enhance transparency across

the Kingdom’s capital markets.

Commenting on this occasion,

Mrs. Marwa AlMaskati stated,

“Investor Relations plays a

significant role in the success of a

listed company. Since the launch

following the issuance of an edict

by His Highness Shaikh Nasser bin

Hamad Al Khalifa, HM the King’s

Representative for Humanitarian

Works and Youth Affairs, to form

the Board of Directors of the Hope

Fund which is chaired by Youth

and Sport Affairs Minister, H.E.

Ayman bin Tawfeeq Al Moayed.

The Hope Fund aims to support

youth projects and initiatives

through discovering, mentoring

and highlighting growing youth

talents and enabling them to

achieve long-term success and

sustainability which will reflect

positively on the Kingdom’s

of Bahrain MEIRA Chapter last

year, both Bahrain Bourse and

MEIRA have been fully committed

to developing and further

advancing the IR profession in

the Kingdom of Bahrain. Our

role as Bahrain Bourse has been

mainly focused on enhancing best

practices and advancements of

Investor Relations in Kingdom of

Bahrain’s capital market and raise

awareness across listed companies.”

Andrew Turbak, MEIRA Chair

said, “At MEIRA, we take our

responsibility as the region’s

professional body for Investor

Relations very seriously and 2020

provided us with the opportunity

to refresh and renew our leadership

team. I am delighted to see the

calibre of MEIRA come through

in the Nomination Committee’s

slate of new directors. Together,

we will continue to promote

diversity and inclusion, while

economy. The establishment

of the Hope Fund is a turning

point in the progress of the

Kingdom of Bahrain’s focus

towards youth talents and

creative youth projects and guiding

them towards production. The

Fund also aims to assist the

launch of youth projects towards

globalization by developing plans

to involve Bahraini competencies

in all sectors to become strategic

partners in addition to undertaking

investment in youth projects and

achieving revenues to develop,

support and sustain the youth sector.

driving stakeholder value for

all our members, partners and

supporters, as MEIRA fulfils its

mission to champion best practice

as an integral part of capital markets

development in the Middle East.”

It is worth noting that Bahrain

Bourse and the Middle East

Investor Relations Association

(MEIRA) has officially launched

the MEIRA chapter in Bahrain

during April 2019 with the aim

of developing and enhancing best

practices in Investor Relations (IR)

across the Kingdom of Bahrain.

The founding members of

MEIRA chapter in Bahrain

include Aluminium Bahrain

(‘ALBA’), Bank ABC, Bahrain

Telecommunications Company

(‘Batelco’), Bahrain Bourse,

Ithmaar Holding, National Bank

of Bahrain, and SICO BSC (c).

6

Issue 26 - DECEMBER 2020 www.bahrainbourse.com

BAHRAIN BOURSE PARTICIPATES IN IOSCO’S 2020 WORLD INVESTOR WEEK TO PROMOTE INVESTOR EDUCATION

Bahrain Bourse (BHB), an affiliate

member of the International

Organization of Securit ies

Commissions (IOSCO), has

announced its participation

in the fourth annual World

Inve s tor We ek ( “WIW ”)

from 5 to 11 October 2020.

As part of its participation

in the WIW, Bahrain Bourse

virtually rang the market-opening

bell for financial literacy to join

over 35 other global exchanges

to mark the occasion over a week

of bell-ringing activities. The

bell-ringing event, which is a

global initiative by the IOSCO and

the World Federation of Exchanges

(WFE), aims to bring together

stakeholders to celebrate the

progress that has been made

and l o ok ing to p ar tne r

on the road ahead. Over the

years, Bahrain Bourse has

expanded its awareness programs

to reach out to a greater number of

beneficiaries, from students to

professionals, through TradeQuest,

the Smart Investor Program, and

the Investment Academy. The

TradeQuest program has been

expanded to serve more than 200

students per annum across 21

e du c a t i on a l i n s t i t u t i on s ,

encompassing pr ivate and

public schools as wel l as

un ivers i t i e s . Whi l e the

Smart Investor program has

benefited more than 15,000

students since its launch. As for

the Investment Academy, more

than 2,000 beneficiaries were

trained since the launch of the

academy, including more than 400

professional certifications awarded.

The WIW is a week-long global

c a m p a i g n p r o m o t e d b y

IOSCO to raise awareness of the

i mp o r t a n c e o f i nv e s t o r

educat ion and protec t ion

and highlight the various

i n i t i a t i v e s o f s e c u r i t i e s

regulators in these two critical

areas. The campaign also has

the support of international

organizat ions such as the

G20. IOSCO members on six

continents offered a range

o f a c t i v i t i e s , i n c l u d i n g

investor-focused communications

and services, contests to increase

awareness of investor education

init iat ives , workshops and

c o n f e r e n c e s a n d l o c a l /

national educational campaigns.

Many members leverage the

event to organize fur ther

investor education activities

t h r o u g h o u t t h e y e a r .

BAHRAIN BOURSE IN COOPERATION WITH MEIRA HOLD A MEETING FOR MEIRA CHAPTER MEMBERS

Bahrain Bourse in cooperation

with Middle East Investor

Relations Association “MEIRA”

held a virtual meeting on 4th Nov.

2020 for Middle East Investor

R e l a t i o n s A s s o c i a t i o n

“MEIRA” Bahrain Chapter

m e m b e r s t o u p d a t e

them on Bahrain’s Chapter

and recent trending IR topics.

The meeting discussed the

infrastructure behind Investor

Relations, and the increasing

i m p o r t a n c e o f d i g i t a l

t r ans format ionin IR . The

m e e t i n g a l s o p r e s e n t e d

an effective methodology for the

reporting cycle of the Annual

Report, and concluded with

an open discussion addressing

questions from the attendees.

Bahrain Bourse and the Middle

East Investor Relations Association

(MEIRA) has officially launched

the MEIRA chapter in Bahrain

during April 2019 with the aim

of developing and enhancing best

practices in Investor Relations (IR)

across the Kingdom of Bahrain.

The founding members of

MEIRA chapter in Bahrain

include Aluminium Bahrain

(‘ALBA’), Bank ABC, Bahrain

Telecommunications Company

(‘Batelco’), Bahrain Bourse,

Ithmaar Holding, National Bank

of Bahrain, and SICO BSC (c).

7

Issue 26 - DECEMBER 2020 www.bahrainbourse.com

Activities

Bahrain Bourse Concludes its Participation as a Partner in the 3rd Virtual GCC ePay Summit

Bahrain Bourse and Bahrain Clear Honor Long Serving Employees Virtually

Bahrain Bourse concluded its participation as “Partner” in

the 3rd GCC E-Payments and Online Banking Summit which

was held virtually under the patronage of the Central Bank of

Bahrain and Chairmanship of Mr. Abdulkarim Bucheery, Chairman

of Bahrain Bourse. The event was attended by more than 900

leading players within banking, FinTech, ecommerce, retail and

telecom enterprises. The ePAY Summit covered various topics

including the increase of digital and contactless transactions since

COVID-19, private digital currencies vs. Central Bank backed

digital currencies, the rise of AI in payments, alternative payment

method trends shaping future e-commerce in the GCC, and new

approaches in online and mobile, fraud detection and prevention.

BHB & BHC FAMILY

8

Issue 26 - DECEMBER 2020 www.bahrainbourse.com

BHB & BHC FAMILYBahriani Woman’s Day Celebrated

Bahrain Bourse and Bahrain Clear Celebrate Bahrain National Day

Mohannad Mousa Alatari

Project Management Director

Bahrain Clear

Happy Occassions

Engagements• Ghadeer Abdulkarim Buallay, Senior Administrator of Financial & Accounting Affairs

• Sayed Ali Saleh Alawi, Administrator of Central Depository, Bahrain Clear

New Joiners

9

Issue 26 - DECEMBER 2020 www.bahrainbourse.com

interactive VIDEOS

The Basics of Investing Live SessionBahrain Bourse and the Supreme Council for Environment Sign an MoU

TradeQuest program throughout the years

CEO of Bahrain Bourse’s Interview in the F1 Documentary

Bahrain Bourse & Bahrain Clear 2020 Recap

Bahrain Bourse Participates in IOSCO’s 2020 World Investor Week to Promote Investor

Education

New Joiners