Singapore And Bahrain Bourses Sign Cooperation Agreement
Singapore Exchange Limited (SGX) and the Bahrain Stock Exchange have announced
that they have signed a Memorandum of Understanding (MOU) designed to enhance
cooperation between the financial services industries of Singapore and Bahrain. The MOU aims to foster a closer relationship and develop channels of information
exchange in the areas of operations, regulatory framework, and the equities
products traded on the respective markets. The MOU was signed by Mr Fouad Rashid, Director of Bahrain Stock Exchange,
and Mr Gan Seow Ann, Senior Executive Vice President and Head of Markets at
SGX. Mr Hsieh Fu Hua, Chief Executive Officer of SGX said: "As the Asian Gateway
exchange, SGX looks forward to working with our Bahraini counterparts to grow
and strengthen our leadership positions in our respective geographies." Mr Fouad Rashid, Director of Bahrain Stock Exchange commented: "We are
delighted to have signed an MOU with Singapore as a key exchange in the Asia
Pacific region. We are looking forward to a close working relationship and to
exchanging knowledge and expertise, to our mutual benefit. We anticipate that
the MOU will lead to increased capital flows between Bahrain and Singapore as
leading financial markets in their respective regions." .
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