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Issue 11 - MARCH 2017

In line with the Bourse’s strategy

to expand product base avail-

able to investors, Bahrain Bourse

inaugurated the listing of the

first REIT on its market in the

presence of Eskan Bank Gener-

al Manager Dr. Khaid Abdulla.

BHB Chief Executive Shaikh Khal-

ifa bin Ebrahim Al Khalifa, said:

“The commencement of trading

of Bahrain’s first Sharia-compli-

ant retail real estate investment

trust underlines the ongoing ini-

tiatives by the Central Bank of

Bahrain and Bahrain Bourse to

bring new products and services


to the exchange. These are designed

to improve the Bourse’s liquidity

and depth, thereby strengthening

its competitiveness and enhanc-

ing its appeal to local, region-

al and international investors.”

Eskan Bank General Manager

Dr. Khalid Abdulla said: “We

would like to thank all our part-

ners for their contribution to the

successful offering, subscription

and listing of the Eskan Bank Re-

alty Income Trust. This provides

investors with the opportunity

to share in the Bank’s significant

property development activities,

and benefit from commercial and

residential rental income across di-

versified assets. This historic list-

ing underlines our commitment to

encourage private sector participa-

tion in the Bank’s real estate devel-

opment projects that target social

housing and its related amenities.”

Ms. Najla Al Shirawi, Chief Exec-

utive of SICO, which is the man-

dated lead manager for the offer-

ing, as well as the sub-investment

manager and dedicated market

maker, said the introduction of

this new alternative investment

asset class will add greater depth

to the Kingdom’s real estate sector,

while helping to improve liquidity

in Bahrain Bourse. Our involve-

ment illustrates SICO’s commit-

ment to broaden the investment

products available to investors in

the local market, while further

reinforcing our status as a lead-

ing provider of corporate finance

services in the GCC since 1997.

The Eskan Bank Realty Income

Trust has an attractive target of

6.5 per cent in net distributable

income payable semi-annually, and

is expected to offer lower risk and

volatility than stocks and bonds

due to long-term rents, prime-asset

backing, and no current leverage.


Shaikh Khalifa bin Ebrahim Al

Khalifa, the Chief Executive of

Bahrain Bourse (BHB) met on

Tuesday 7th February 2017 Dr.

Ebrahim Mohammed Janahi Chief

Executive of Tamkeen to discuss

the latest developments achieved in

Bahrain Investment Market (BIM).

During the meeting, Shaikh Khal-

ifa praised the role that Tamkeen

plays in supporting entrepreneurs

and assured the importance of

Tamkeen and other institutions in

the success of BIM in a way that

benefits the national economy

and the investment environment.

“BIM is one of the initiatives that

the Bourse launched to support the

Kingdom’s efforts in developing

the entrepreneurial ecosystem in

a way that enhances the economic

growth of the Kingdom of Bahrain

and creates more investment op-

portunities and wealth and boosts

productivity by providing financ-

ing alternatives with reasonable

cost to finance their expansion

plans in comparison to banking

loans”, Shaikh Khalifa added. Dr.

Ebrahim Mohammed Janahi Chief

Executive of Tamkeen praised the

initiative and said: “Bahrain In-

vestment Market is considered

one of the promising projects. It

will help startups to acquire the

funding solutions they need in or-

der to attain progress and success.