Bahrain Clear now member of Arab Federation of Capital Markets

TDT | Manama                                                

The Daily Tribune – www.newsofbahrain.com     

The Board of Directors of the Arab Federation of Capital Markets (AFCM) approved the admission of Bahrain Clear, a fully-owned subsidiary of Bahrain Bourse, with a full membership status of the AFCM during the virtual meeting that was held recently held.

The AFCM has voted for Bahrain Clear to be admitted as a full member of AFCM after meeting all the membership criteria of the AFCM. Chief Executive Officer of Bahrain Bourse and Vice Chairman & Managing Director of Bahrain Clear, Shaikh Khalifa bin Ebrahim Al Khalifa commented, “The achievement reflects the confidence of regional federations in Bahrain Clear’s operations and services provided, and will certainly encourage us to develop further in order to enhance our status on a regional and international level.”

Rami El-Dokany, Executive Chairman of the Egyptian Exchange and Supervisor of AFCM General Secretariat, expressed his delight in having Bahrain Clear as a member. The AFCM was established in June 1978 acting as an industry 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.