KHCB launches ‘Khaleeji eTrade’ platform

Khaleeji Commercial Bank (KHCB), one of the leading Islamic banks in the Kingdom, has inaugurated its “Khaleeji eTrade” platform. The ceremony was held in the presence of Khalid Hamad, Director of Banking Supervision in the Central Bank of Bahrain (CBB), Shaikh Ahmed Bin Isa Al Khalifa, Vice Chairman of Khaleeji Commercial Bank, Abdulkareem Bucheeri, Chairman of the Board of Directors of Bahrain Bourse, Shaikh Khalifa bin Ibrahim Al Khalifa, CEO of Bahrain Bourse, Sattam Sulaiman Algosaibi, CEO of Khaleeji Commercial Bank and a number of representatives of various financial institutions.

The inauguration came on the sidelines of the annual two-day E-Payment and Online Banking Summit, which concludes today under the patronage of the Central Bank of Bahrain. The platform, KHCB said, enables customers to easily open accounts to trade stocks listed on Bahrain Bourse, place Buy and Sell Orders, review market performance charts, receive the latest news on the local and international markets and other services that could be conveniently accessed through the application allocated for smart devices.

On this occasion, Algosaibi commented: “The ‘Khaleeji eTrade’ platform serves our customer base through facilitating the process of electronic trading through the application available for smart devices, linking them directly to the trading floor through an interactive platform that will allow them to benefit from the investment opportunities available in all financial instruments listed at the Bourse and select what suits their objectives without the need for dealing with a broker.”

Commenting on this occasion, Shaikh Khalifa Bin Ebrahim Al Khalifa the Chief Executive Officer of Bahrain Bourse stated: “Khaleeji eTrade, which falls under the Bahrain Trade platform, aims to facilitate investor access particularly retail investors to Bahrain Bourse, which we hope will have a positive impact on the market’s liquidity”.