BHB endorses launch of BFB

Manama : Bahrain Bourse (BHB) has endorsed the launch of Bahrain Fintech Bay (BFB) by signing a Memorandum of Understanding (MoU).

CEO of Bahrain Bourse, Shaikh Khalifa Bin Ebrahim Alkhalifa and the Chairman of Bahrain FinTech Bay Maissan Jalal Almaskati signed the deal on
Sunday.

The BFB platform and offering is set to create ideal conditions to attract both local and international corporate innovation labs and FinTech start-ups to collaborate on developing, testing, scaling and deploying new technologies in Bahrain and the wider GCC
region.

On this occasion, Shaikh Khalifa bin Ebrahim Al-Khalifa said: “With this partnership, we aim to facilitate Fintech startups’ access to the capital market to go in line with our initiatives within the Bahrain Investment Market in supporting growth companies.”

Maissan Jalal Al Maskati, Chairman of FinTech Consortium Bahrain commented: “This collaboration between a fintech hub and a local capital market is a regional first and significantly enhances the offering for Fintech in Bahrain.”