Manama: Khalid Humaidan, Governor of the Central Bank of Bahrain (CBB), convened with the Chairman of Bahrain Bourse, Yusef Abdulla Al Yusef, and the Chief Executive Officer, Shaikh Khalifa bin Ebrahim Al Khalifa, to deliberate on regulatory enhancement initiatives. These initiatives are intended to support Bahrain's Capital Markets Development Plan 2026-2028, titled "Elevate", which aims to bolster Bahrain's status as a prominent regional financial hub and improve the competitiveness and efficiency of its capital markets.
According to Bahrain News Agency, Khalid Humaidan reiterated the Central Bank's commitment to fostering initiatives that develop Bahrain's capital markets through a regulatory framework aligned with international standards. This framework aims to enhance the efficiency and competitiveness of the financial markets. Humaidan stressed the importance of collaboration among stakeholders to achieve the financial services sector's strategic objectives and solidify Bahrain's standing as a leading financial center.
Yusef Abdulla Al Yusef, Chairman of Bahrain Bourse, acknowledged the Central Bank's efforts in advancing the financial sector, highlighting that regulatory enhancement is vital for meeting the goals of the Capital Markets Development Plan 2026-2028 "Elevate".
The discussions included exchanging views on initiatives to advance Bahrain's capital markets. These initiatives focus on facilitating investment, broadening market participation, enhancing liquidity and efficiency, and bolstering investor confidence. The meeting underscored the need for a regulatory environment that supports innovation and growth while maintaining governance and market integrity in line with international standards.
The dialogue emphasized opportunities to refine the regulatory framework for capital market activities, with a focus on fostering market growth, increasing competitiveness, encouraging innovation, and aligning regulatory practices with international standards and market demands.