“This initiative reflects Bahrain’s interest in promoting inter-Arab economic integration that will facilitate the flow of capital for Arab and international investments and attract migratory capital to development projects in the Arab world starting from Bahrain,” KFH-B in a statement said.
The Joint Arab Bourse project aims to establish a world-class money stock market, providing a specialized incubator that includes quality projects. It will offer a safe haven for domestic & regional capital, attract foreign & migratory capital and harness modern technology to facilitate the flow of remote investments that will transport latent Arab investment opportunities to key global capital centers. Furthermore, the project aims to provide finance options that meet the needs of small and medium enterprises and contribute to the creation of job opportunities within listed market projects. It will also provide a global incubator for Islamic finance products in unconventional ways, and deepen shared Arab interests in order to enhance the benefit from comparative advantages in the Arab world.
During a high level meeting held recently between Safar bin Ayedh Al-Harthi, Founder and Head of the Joint Arab Bourse Project, Yaqoob Majed, Chairman of KFH-B, Abdulhakeem Alkhayyat, Managing Director and CEO at KFH-B, along with executive management from KFH-Bahrain, they reviewed and discussed the projects, their objectives and its implementation plan.
Yaqoob Majed and Abdulhakeem Alkhayyat expressed their sincere appreciation and gratitude for the efforts made by the founder of the Joint Arab Bourse headed by Safar bin Ayedh Al-Harthi.
Majed and Alkhayyat also appreciated the developmental goals that this project aspires to achieve. It was recognized that it will accomplish economic integration between Arab countries, stimulate trade and intraregional investments, attract foreign investments, develop Islamic finance management and its applications in the Arabian financial markets. They also gave their best wishes for the success for this project.