Source: London Stock Exchange
The London Stock Exchange and the Bahrain Stock Exchange (BSE) today signed a long term co-operation agreement to formalize their existing strong ties.
The agreement will provide a mechanism of long term co-operation and foster the development of channels of communication and a continuing relationship between the London Stock Exchange and the Bahrain Stock Exchange for the respective benefit of the financial services industry in the United Kingdom and the Kingdom of Bahrain and will assist in the maintenance of orderly markets in securities on the markets operated by each party.
Commenting on the agreement, Martin Graham, Director of Markets at the London Stock Exchange, said: "We are very pleased to be able to announce this co-operation agreement with the Bahrain Stock Exchange. As the world's leading international equity market we value our ties with other exchanges very highly. We look forward to developing our relationship with the Bahrain Stock Exchange. Working together we can build upon our existing strong links for the mutual benefit of our companies and our markets."
"We are proud to sign this co-operation agreement with London Stock Exchange which will give us the opportunity to further strengthen the relations between the exchanges and explore areas of common interest," Mr. Fouad Rashid, Director of the Exchange commented. "This agreement will pave the way for more constructive and fruitful relations between the two markets, especially with the accumulative experience that London Stock Exchange has. The increasingly complex operations of stock markets worldwide are necessitating enhanced cooperation between bourses, both at the bilateral and multilateral levels", he added.
The BSE officially commenced operations in 1989, providing the country with its first organized stock exchange, and remains committed to becoming an advanced, innovative and competitive international capital market.
There are currently two companies from Bahrain listed on the London Stock Exchange's Main Market.