logo
Leadership shift at Bahrain Bourse

Leadership shift at Bahrain Bourse

Daily Tribune02-06-2025

TDT | Manama
A new chapter has opened in Bahrain's capital market with the election of Yousif Abdullah Al Yousif as Chairman of Bahrain Bourse, following a complete reformation of the exchange's Board of Directors by royal decree. The leadership change signals a strategic pivot as the bourse sharpens its focus on competitiveness and investor confidence.
Strategic reset
The board meeting on Sunday marked the first convening since His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, issued Edict (1) of 2025 to reform Bahrain Bourse's board. Alongside the chairman's election, Yousif Abdullah Ali Reza was named Vice Chairman, and new board committees were formed in line with the Corporate Governance Code.
The revamped board includes Nabeel Saleh Abdulaal, Raed Abdulla Fakhri, Eman Jawad Al Asfoor, Habib Jawad Habib, Fatema Hamad Abul, Abdulla Abdulrazzaq Bukhowa, and Aisha Mohammed Abdulmalik.
Pledging alignment
During the meeting, the board expressed gratitude to HRH Prince Salman for the confidence placed in them and pledged to align closely with Bahrain's economic development vision. The leadership underlined its aim to reinforce the bourse's role as a key driver of growth, promising to create an investment environment that appeals to both domestic and international players.
Chairman Yousif Al Yousif described the appointment as 'a privilege' and committed to working with fellow board members and the executive team to ensure Bahrain Bourse remains 'a dynamic and resilient financial market.'
Focus on trust
Shaikh Khalifa bin Ebrahim Al-Khalifa, Chief Executive Officer of Bahrain Bourse, welcomed the board's appointment and said the diverse expertise of its members would be instrumental in shaping long-term strategy, enhancing transparency, and building investor trust.
The leadership reshuffle is expected to shape the next phase of Bahrain Bourse's evolution, as it positions itself more firmly within the Kingdom's broader economic transformation.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Bahrain-UK agreement: What Happens Next?
Bahrain-UK agreement: What Happens Next?

Daily Tribune

time7 hours ago

  • Daily Tribune

Bahrain-UK agreement: What Happens Next?

TDT | Manama A day after the landmark Bahrain-UK defense agreement was signed, key strategic details are now emerging, outlining plans for deeper military coordination, stronger maritime security, and the United Kingdom's significant move into the Bahrain-USled Comprehensive Security and Prosperity Agreement. The agreement, formalized during the official UK visit of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince Deputy, Supreme Commander and Prime Minister, signals a further strengthening of the Kingdom's longstanding strategic relationship with Britain. It specifically highlights critical areas of future cooperation and mutual benefit. Maritime partnership His Excellency Lieutenant General Abdullah bin Hassan Al Nuaimi, Minister of Defense Affairs, emphasized that maritime security has emerged as a central component of the agreement. Plans are in place for intensified naval exercises, coordinated joint patrol operations, and enhanced maritime surveillance involving Bahrain Defense Force and British armed forces personnel. 'The signing of this defense cooperation agreement is rooted in our distinguished partnership, continuously strengthened under the leadership of His Majesty King Hamad bin Isa Al Khalifa and the directives of HRH the Crown Prince and Prime Minister,' stated Al Nuaimi. He noted that expanding maritime cooperation is essential to maintaining regional stability and addressing evolving security challenges in Gulf waters. Trilateral expansion Another critical dimension unveiled in the agreement is the UK's access to the Comprehensive Security and Prosperity Agreement, previously a bilateral arrangement between Bahrain and the United States. This significant strategic step positions the UK firmly within a trilateral security framework, broadening collaborative defense and security operations in the region. 'The United Kingdom's inclusion, based on invitations extended by Bahrain and the United States, will elevate our joint security coordination and open broader avenues of cooperation, enhancing the mutual security interests of our nations,' Al Nuaimi explained. Deep-rooted alliance The Defense Minister also underscored the historic depth of the Bahrain-UK relationship, recognizing Britain as one of Bahrain's most vital strategic allies. He credited the ongoing strength of this bilateral partnership to decades of effective military and strategic cooperation between the two countries. As Bahrain and the UK now transition from signing agreements to executing strategic plans, expectations are high for tangible results, particularly in maritime security, joint military training, and broader defense coordination.

ICRF Bahrain Celebrates International Yoga Day 2025 with Amad Group Employees
ICRF Bahrain Celebrates International Yoga Day 2025 with Amad Group Employees

Daily Tribune

time7 hours ago

  • Daily Tribune

ICRF Bahrain Celebrates International Yoga Day 2025 with Amad Group Employees

TDT I Manama pradeep@ The Indian Community Relief Fund (ICRF) Bahrain marked International Yoga Day 2025 by organizing a refreshing yoga session for over 100 employees of Amad Group of Companies in Askar. The event, held on Thursday, June 19, 2025, aimed to promote well-being and a healthy lifestyle among the community. The one-and-a-half-hour session was expertly led by Yoga Instructor Mr Pradeep Kumar, who guided participants through a series of beneficial asanas and shared valuable tips for healthy living. The yoga session saw active participation from ICRF leadership, including Chairman Adv. V.K. Thomas, Advisor Dr. Babu Ramachandran, Vice Chairman Prakash Mohan, General Secretary Aneesh Sreedharan, Joint Secretary Suresh Kumar, and Yoga Day Coordinator Sunil Kumar. Other prominent ICRF members like Ajayakrishnan, Chemban Jalal, Nasser Manjeri, John Philip, Muralikrishnan, Rajeevan, and Deepshikha also joined. Representatives from Amad Group's Ascon Control WLL were also present, with General Manager Anindya Haldar, Assistant General Managers Vasudevan C and Ranjith Lakshman, Technical Director Nithyananda, and HR Manager Shibu Mundukattil participating in the communal practice. The initiative highlights ICRF's commitment to the welfare of the Indian community in Bahrain, fostering health and harmony through such engaging programs.

AUB returns with MyHassad Cash Drive
AUB returns with MyHassad Cash Drive

Daily Tribune

time7 hours ago

  • Daily Tribune

AUB returns with MyHassad Cash Drive

TDT | Manama Ahli United Bank has brought back its MyHassad stand to City Centre Bahrain, offering visitors a chance to win instant cash prizes while engaging with one of the Kingdom's most rewarding savings accounts. Running from Thursday to Saturday, the activation allows customers to open or top up their MyHassad Savings Account at the stand and walk away with cash prizes of up to BHD 500 on the spot. The initiative is aimed at deepening customer engagement while highlighting the benefits of disciplined saving through MyHassad.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store