Almoayed Chambers announces listing of Sprinkle Holding on BIM

Almoayed Chambers is pleased to be the first authorised sponsor to successfully list a company, Sprinkle Holding BSC (c) on the Bahrain Investment Market (BIM). The listing ceremony was held at Bahrain Bourse of the 12th of December 2019. Sprinkle Holding BSC (c) is a specialised Fintech company with global affiliates in the US, Europe and China.

Bahrain Investment Market is an equity market introduced by Bahrain Bourse in March 2017 to facilitate companies seeking to raise growth capital. Almoayed Chambers is very optimistic that this maiden listing will pave way for the SME sector to utilize the opportunities and benefits of this emerging platform, BIM. Sprinkle Holding’s listing will create awareness amongst the issuers and help them realize the benefits that this alternative listing venue has to offer.

Given the ease of listing and the relaxed regulatory environment, potential issuers should consider this platform as a cost-effective way to raise growth capital. It has been structured to provide suitable financing options for entrepreneurial ventures in different stages of their life cycles, especially in their growth phase. Apart from access to capital, ease of listing and the relaxed regulatory ecosystem, there are many other benefits that BIM offers such as brand enhancement, transparency, ease of transactions (purchase and sale of shares) and an added layer of comfort for various stakeholders.

This additional layer of comfort resulting from the regulatory environment can prove vital when approaching investors or financial institutions, in the instance, the company wants to consider conventional debt instruments to raise funds. Alternatively, the platform can be used as an effective substitute to debt financing, paying out dividends rather than making interest plus principal payments to banks can be less burdensome on cash flows of the company, especially in their growth cycles. The possibilities are immense.

From an investors perspective, BIM will offer fresher companies from various sectors and regions to invest in, it gives investors access to deal flow which otherwise would not have been available to them. Based on their risk propensity and return expectations, an informed investor can take positions accordingly with the comfort of an exit mechanism to divest at any time at prevailing market rates.

Ever since the appointment of Almoayed Chambers as one of the sponsors in BIM, it has strongly advocated bringing awareness to companies of the value of being listed on this unique venue. The firm also believes this initiative by Bahrain Bourse will allow the Bahraini economy to further stand out in the region. According to Almoayed Chambers chairwoman Ms Maria Liasides: “We would like to congratulate Sprinkle Holding and Bahrain Bourse for this monumental listing.

We are confident that this will pave the way for future listings and also create awareness of this unique platform introduced by Bahrain Bourse to facilitate economic growth in the SME sector.” For inquiries or further information about BIM Listing, call Mr Murtaza Dada or Ms Evangeline Canilang at +973- 1710000.