Manama: The World Federation of Exchanges (WFE) delegation reviewed in detail the capital market sector’s legal infrastructure in the Kingdom of Bahrain. The delegation also got an update on the rules, regulations and procedures regulating the work of Bahrain Bourse and its related parties in addition to the future plans of the Bourse.
A high level delegation of the World Federation of Exchanges (WFE) visited the Kingdom of Bahrain as a part of the Federation’s procedures to review memberships of the its member stock exchanges.
The delegation met with BHB officials in addition to a number of officials in the Kingdom, including Shaikh Ahmed bin Mohammed Al Khalifa, Minister of Finance; Minister in Charge of Oil and Gas Affairs, and his Excellency Rasheed Al Meraj the Governor of Central Bank of Bahrain, a number of listed companies’ senior officials and licensed brokers at Bahrain Bourse.
Following the visit, a voting on upgrading Bahrain Bourse from an affiliate to an associate will take place in October at the annual general meeting of the Federation in the Korean capital Seoul.
The WFE is the largest organization for Stock Exchanges in the world, where it has more than 120 member stock exchanges and in which the market capitalization of its members comprise almost 97% of the total value of all Bourses worldwide.