Latest news with #BahrainBourse
Daily Tribune
03-07-2025
- Business
- Daily Tribune
Subscription opens for 41st Issue of Government Development Bond
Bahrain Bourse (BHB) announced yesterday that Bahraini and Non-Bahraini investors can directly subscribe through the primary market of BHB in the Government Development Bond Issue 41 (BHD 250 million). The bond issued by the CBB on behalf of the Government of Bahrain can be bought by executing orders through registered brokers at Bahrain Bourse. Investors will be able to trade the Bond on the secondary market at BHB once listed, which is expected to be on 24th July 2025. Bahrain Bourse specified that the subscription period through the registered brokers is effective on Wednesday until Thursday. The subscription will be open on Wednesday from 9:30 am until 1:00 pm and on Thursday from 9:30 am until 11:00 am. The minimum subscription size is 500 bond per subscriber. The BHD 250 million Bond issued at a par value of BHD 1 each on the 9th of July 2025 for a period of 4 years maturing on the 9th of July 2029. The annual fixed return on these securities is 6.25%, and will be paid bi-annually on 9th of January and 9th of July every year throughout the period of this issue, commencing on 9th of January 2026 up to and including the Maturity Date. The Central Bank of Bahrain issued the Government Development Bond on behalf of the Government of Bahrain. The Government of Bahrain directly guarantees the Bond securities.
Zawya
02-07-2025
- Business
- Zawya
Bahrain Bourse inches up for second straight month
Bahrain - The Bahrain Bourse All Share Index advanced 1.2 per cent in June, building on a modest 0.5pc rise in May, to close the month at 1,943.8 points. A report by Kuwait-based Kamco Invest says the uptick came despite a notable slowdown in trading activity, largely attributed to Eid holidays. Sectoral performance leaned positive, with four of seven indices recording gains. The heavyweight financials index rose 0.9pc, bolstered by strong showings from key constituents. GFH Financial Group climbed 10.6pc, while Kuwait Finance House-Bahrain gained 6.7pc, significantly contributing to the sector's overall improvement. Consumer discretionary emerged as the top-performing sector, surging 6.2pc to end June at 3,325 points. Two of its three component companies saw share price increases, driving the index's robust performance. Positive The materials index also posted a solid 3.7pc gain, solely attributable to a similar rise in Alba, its only constituent. These gains, alongside a 1.3pc increase in the real estate index, collectively supported the market's overall positive trajectory. Among individual stocks, Gulf Hotel Group led the monthly gainers, with its share price jumping 16.7pc. GFH Financial Group and Bahrain Car Park followed, up 10.6pc and 10.3pc, respectively. Conversely, Ithmaar Holding experienced the steepest decline, plunging 28.6pc. Solidarity Bahrain and Trafco Group also registered drops of 8.4pc and 7pc, respectively. Trading activity on the Bahrain Bourse saw a significant downturn in June. Total volume of shares traded fell 29.1pc to 77.4 million, down from 109.1m in May. Similarly, the total value of shares exchanged declined 24.7pc to BD18.2m from BD24.2m the prior month. Al Salam Bank–Bahrain dominated trading volumes, with 51.8m shares exchanged, while also leading in value traded at BD11.1m. Esterad Investment and Beyon also saw substantial activity. In broader economic news, the World Bank projects Bahrain's economy to expand 3.5pc in 2025 and 3pc in 2026. This anticipated growth is underpinned by a gradual increase in oil production as output cuts are rolled back, though global oil prices could soften amid weaker demand. On the trade front, Bahrain's non-oil imports rose 20pc to BD575m in April 2025, compared with BD481m in the same month last year. Non-oil exports of national origin also increased, up 22pc to BD338m in April 2025 from BD277m a year earlier. The country's trade deficit widened to BD166m in April 2025, from BD126m in April 2024. Zooming out, GCC stock markets staged a strong recovery in the latter half of June, driving the MSCI GCC index up 3.1pc for the month after an initial two-month low. The broad-based gains saw nearly all markets rise, with Kuwait leading the pack with a 4.2pc increase, closely followed by Dubai at 4.1pc. Abu Dhabi and Qatar gained 2.8pc and 2.7pc respectively, while Saudi Arabia was up 1.6pc. Oman bucked the trend, declining 1.3pc. Sector-wise, only the energy index saw a marginal dip of 0.6pc, with all other sectors registering gains. Insurance was the top performer, surging 8.2pc, followed by consumer durables and apparel (6.7pc) and banks (4pc). The June rally pushed the GCC's first-half 2025 performance into positive territory, with a 1.5pc gain. Kuwait remained the region's leader year-to-date, up 14.8pc, driven by large-cap stocks with its Premier market index gaining 17.2pc. Dubai also showed double-digit growth of 10.6pc, while Abu Dhabi and Qatar gained 5.7pc and 1.7pc respectively. In contrast, Saudi Arabia registered the largest year-to-date decline in the GCC, down 7.2pc, followed by Bahrain and Oman with smaller dips of 2.1pc and 1.7pc. Large-cap sectors like telecom (up 13.7pc) and banks (up 9.9pc) led regional year-to-date performance, while utilities, F&B, and healthcare saw double-digit declines. Globally, the European Stoxx 600 benchmark declined 1.3pc, while US and emerging markets indices posted mid-single digit gains. Crude oil prices traded below $70 a barrel as war risk premiums receded, and gold remained largely flat. Copyright 2022 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
02-07-2025
- Business
- Zawya
Bahrain looks to raise $658mln in new bond issue
The Government of Bahrain is looking to raise BD 250 million ($658 million) in its latest development bond offering, which opens for subscription today, July 2, 2025. The new bond issue, listed on the Debt Primary Market, offers investors a fixed annual coupon rate of 6.25%, the Bahrain Bourse confirmed on Tuesday. The financial instrument matures in four years, and the annual coupon rate is paid semi-annually or every six months, providing investors with a consistent payout and the return of their investment at the end of the term. The subscription for the bond ends on Thursday, July 3, 2025. (Writing by Cleofe Maceda; editing by Seban Scaria)
Daily Tribune
02-07-2025
- Business
- Daily Tribune
Bahrain Bourse attains 'CIO Legend' Award Global CIO 200 Summit – Bahrain Edition for Chief Information Officers
Bahrain Bourse attained the 'Chief Information Officer Legend Award' during the Global CIO 200 Summit – Bahrain Edition 2025, held under the patronage of the General Sports Authority and organized by Shaikh Nasser Center for Research and Development in Artificial Intelligence. The award was presented by H.E. Mr. Nibras Talib, Chief Executive of the Labour Market Regulatory Authority and Board Member of the General Sports Authority, which was received by Mr. Hussain Al Jamri, Senior Director of Information Technology at Bahrain Bourse, during a special ceremony recognizing distinguished executive leaders in digital transformation and artificial intelligence. This recognition comes in appreciation of Bahrain Bourse's notable efforts in adopting advanced technologies and innovative solutions. Key initiatives that contributed to this achievement included digitizing workflow automation for operational processes, implementing SDWAN technology, and developing a dedicated anti-money laundering system. The ceremony honoured 21 Chief Information Officers representing a distinguished group of national leaders from both the public and private sectors, in recognition of their efforts in adopting locally developed technologies and solutions that support Bahrain's digital transformation journey. On this occasion, Mr. Hussain Al Jamri, Senior Director of Information Technology at Bahrain Bourse, stated: 'At Bahrain Bourse, we are very honored to receive this recognition in relation to our digital advancement efforts which includes various areas.'
Zawya
19-06-2025
- Business
- Zawya
Global investors explore diversification opportunities in Gulf as tariff uncertainty persists
Over 300 global institutional investors met with all seven bourses from the Gulf Cooperation Council (GCC) and over 100 GCC corporates at HSBC's GCC Exchanges Conference in London this week. The event comes as global economic uncertainty reshapes capital flows, with investors turning to the Gulf's reform-driven growth and maturing capital markets. Now in its fourth year, conversations at the Conference focused on the increasing appeal of the GCC, as the region continues to register record IPO pipelines, deepen sovereign and corporate bond markets, and expand private credit platforms – all underpinned by strong fiscal buffers and multi-year economic transformation agendas. The continued liberalisation of GCC financial markets and the introduction of privatization programmes by GCC governments are converging at a time when investors are seeking diversification from global volatility. GCC capital markets remained resilient in the first quarter of the year with IPO proceeds 33% higher compared to the first quarter of 2024, despite a slowdown in issuances globally. [1]. Joseph Ghorayeb, CEO of HSBC Bahrain, said: 'Global investors are recalibrating for resilience and the GCC's balance sheet strength and sophisticated financial markets ecosystem make it a capital magnet. We play a key role in the Bahrain Bourse's vision to provide a unique suite of innovative and diversified services through its capital markets platforms to serve stakeholders. Most recently we acted as Joint Global Coordinator, Joint Lead Manager and Bookrunner on the USD2.5bn dual-tranche bond. We are also supporting the Bahrain Bourse in its quest to drive the ESG mandate for sustainable growth.' Guest speakers at the GCC Exchanges Conference included H.E. Khalid Humaidan, Governor of the Central Bank of Bahrain; Mr. Yusuf AlYusuf, Chairman of Bahrain Bourse; Shaikh Khalifa bin Ebrahim Al-Khalifa, Chief Executive Officer of Bahrain Bourse; as well as representatives from the Central Bank of Bahrain, the Ministry of Finance and National Economy (MOFNE), Bahrain Bourse. Shaikh Khalifa bin Ebrahim Al-Khalifa, CEO of Bahrain Bourse, commented on the participation saying: 'Bahrain Bourse's presence at the HSBC GCC Exchanges London Conference 2025 is part of our ongoing commitment to position Bahrain as a gateway for regional and international investment. Our engagement with global asset managers underscores our focus on enhancing investor access, market transparency, and supporting the development of a more dynamic capital market ecosystem in Bahrain.' This year, for the first time, HSBC brought together Emerging Market Macro Strategists with GCC attendees, as EM investors dial-up their exposure to the Gulf's capital markets driven by strong GDP projections relative to the broader EM pool. Media enquiries to: Greta Madgwick Mai Salem maisalem@ HSBC in the MENAT region HSBC is the largest and most widely represented international banking organisation in the Middle East, North Africa and Türkiye (MENAT), with a presence in nine countries across the region: Algeria, Bahrain, Egypt, Kuwait, Oman, Qatar, Saudi Arabia, Türkiye and the United Arab Emirates. In Saudi Arabia, HSBC is a 31% shareholder of Saudi Awwal Bank (SAB), and a 51% shareholder of HSBC Saudi Arabia for investment banking in the Kingdom. Across MENAT, HSBC had assets of US$73bn as at 31 December 2024. [1] PwC, IPO Watch, 20 May 2025
