SICO market maker at Bahrain Bourse

Manama : The Bahrain Bourse (BHB) and Securities & Investment Co. (SICO) on Thursday signed an agreement approving SICO as a Market Maker at the bourse. 

Chief Executive Officer of Bahrain Bourse Shaikh Khalifa bin Ebrahim Al Khalifa and Chief Executive Officer of SICO Najla Al Shirawi signed the deal.  Following the signing, Al Shirawi rang the bell to open the trading session at BHB.

As per the deal, SICO will be able to perform all functions related to Market Making at Bahrain Bourse.  Those functions include, but not limited to, making bids and offers for shares available, along with the volumes required for buy and sell as well as finding the balance price for the security by entering the bids and offers of securities. 

On the occasion,  Shaikh Khalifa assured BHB’s continuous commitment and keenness to develop the investment environment in the capital markets sector in the Kingdom of Bahrain in cooperation with related parties in a way that will satisfy various needs of issuers of securities and investors.  

“Market Making is one of the aspects BHB has realized that is quite important in developing and enhancing the investment environment. We hope to witness more Market Makers at the bourse especially that Resolution No.5 relating to free float of listed companies makes the presence of Market Makers feasible to both investors and Market Makers,” Shaikh Khalifa added.  

Najla Al Shirawi said, “We are delighted to become the first approved market maker on Bahrain Bourse. SICO has played a major role in making a market on Bahraini equity and fixed income securities and will continue to offer its services and coverage of the Bahraini capital market.”