Bahrain Stock Exchange (BSE) announced that an agreement was signed with Global Investment House (Global) on Wednesday 23rd of July 2008 to list six funds issued by Global at the Exchange as of Sunday 27th of July 2008. The agreement was signed by Mr. Fouad Rashid, the Director of BSE and Mr. Omar El-Quqa, Executive Vice President of Global Investment House.
Commenting on the listing of the funds, Mr. Fouad Rashid said that such listing assures the importance of BSE as a regional center for the listing of mutual funds, and reflects the significance of mutual funds as one of the alternative investments appealing to investors, taking in consideration the variety of opportunities mutual funds provide to investors.
Mr. Rashid added, “Listing such a variety of Global Investment House’s mutual funds assures the development of the investment environment at BSE in a way
that attracts the listing of mutual funds at the Exchange. BSE will continue providing more benefits and facilities to fund managers in order to encourage them to list their funds at the Exchange.”
Mr. Omar El-Quqa, Executive Vice President of Global Investment House commented, “We are delighted to list this group of funds on BSE, following the listing of ten funds in the previous years.” He also expressed his thanks and appreciation to the officials of the Central Bank of Bahrain (CBB) and Bahrain Stock Exchange for their efforts in listing Global’s funds on the Exchange.
“The success of this listing reflects investors’ confidence in regional markets in general, and Global Investment House in particular. We are looking forward to issue more mutual funds in order to implement Global’s investment plans that aim to offer a variety of investment options for investors and achieve high returns to shareholders of the company,” he added.
With the listing of Global’s Funds, the number of mutual funds listed on the Exchange reached a total of 42 funds.
© 2008 Mena Report (www.menareport.com)
Financial Markets
