MANAMA: Bahrain Bourse’s newly appointed board of directors said that it would complete the execution of the projects of the strategic plan of the Bourse during their three-year term.
“The implementation of strategic plan will clearly affect all parties related to the capital markets sector, including investors, brokers, and issuers of securities,” Bahrain Bourse board in a statement said.
The Board of Directors of Bahrain Bourse (BHB) held its first meeting following the resolution issued by His Royal Highness Prince Salman bin Hamad Al-Khalifa, Crown Prince, Deputy Supreme Commander and Economic Development Board (EDB) appointing Chairman and the board of directors.
The board expressed thanks and appreciation to His Royal Highness Prince Salman bin Hamad Al-Khalifa for the trust he has given to the Board, with a resolve do their level best in developing the Bourse and activate its role in the economic development process that the Kingdom is witnessing in a way that will increase the Bourse’s competiveness to attract investments.
During their first meeting and according to the Articles of Association of BHB, the Board Members appointed Yousuf Abdulla Humood as Chairman of the Board, and Marwan Khalid Tabbara as Vice Chairman.
The Executive Committee and the Audit Committee were formed, in which the Executive, Remuneration and Nomination Committee includes Afnan Rashid Al Zayani, Ayman Tawfeeq Almoayed, Yaser Ebrahim Humaidan and Rana Ebrahim Faqihi and the Audit, Risk, and Corporate Governance Committee includes Fouad A. Rahman Rashid, Nabeel Khalid Kanoo and Mohamed Ahmed Hasan.
It may be recalled that the previous Board’s achievements focused on developing all work aspects at the Bourse, specifically its infrastructure and administrative and technical restructure in an institutional method.
The newly appointed board includes Yousuf Abdulla Humood, Afnan Rashid Al Zayani, Yaser Ebrahim Humaidan, Nabeel Khalid Kanoo, Rana Ebrahim Faqihi, Mohamed Ahmed Hasan, Fouad A.Rahman Rashid, Marwan Khalid Tabbara, Ayman Tawfeeq Almoayed.
“The tenure of the board is three years effective from the date of the issuance of the resolution,” Bourse in statement added.