The Arab Federation of Capital Markets (AFCM) Board of Directors approved the admission of Bahrain Clear, a fully owned subsidiary of Bahrain Bourse, with a full membership status of the AFCM.
The AFCM has voted for Bahrain Clear to be admitted as a full member after meeting all required criteria.
Chief Executive Officer of Bahrain Bourse and Vice Chairman and Managing Director of Bahrain Clear, Shaikh Khalifa bin Ebrahim Al Khalifa expressed his honor in attaining AFCM full membership.
“This achievement is the result of the efforts taken by Bahrain Clear to enhance the services it provides to investors and issuers since its establishment in 2017, as well as its keenness to implement international standards in clearing, settlement and central depository.”
“We are delighted to have Bahrain Clear as a member of the Arab Federation of Capital Markets. In this regard, we welcome you to join our team and wish you all the best. Our goal is to build and enhance the capabilities of all of our members in order to increase the competitiveness of the Federation and achieve greatness,” Rami El Dokany, Executive Chairman of the Egyptian Exchange and Supervisor of AFCM General Secretariat said.
Source: Bahrain News Agency