Bahrain Bourse in cooperation with Middle East Investor Relations Association “MEIRA” held a webinar on the Importance of Investor Communication on 17th May 2020, which is part of a series of workshops Bahrain Bourse is organizing with the aim of encouraging the implementation of best IR practices across listed companies. The workshop was attended by more than 40 representatives from listed companies along with Middle East Investor Relations Association “MEIRA” Bahrain Chapter members.
The webinar began with outlining the impact of COVID-19 on the market and its operations, and the measures that have been taken by Bahrain Bourse to support stakeholders. The webinar also highlighted the effect of COVID-19 on the sell/buy side including investors’ sentiments and the feedback received from institutional clients. The webinar concluded with discussing the importance of reporting and taking accountability to shareholders, as well as the initiatives that can be taken by listed companies to communicate with stakeholders.
The webinar was moderated by John Gollifer, General Manager at MEIRA. Webinar speakers included Abdulla Abdin, Senior Director of Operations at Bahrain Clear, Fadhel Makhlooq, Chief Capital Markets Officer at SICO B.S.C. (c), and Mohammad Abdal, Chief Communications Officer at Zain Group, Kuwait.
Marwa AlMaskati, Director of Marketing & Business Development and MEIRA – Bahrain Chapter Head said: “While we navigate through the unchartered territory of COVID-19, Investor Relations plays a crucial role in effective communication to all stakeholders and not just investors. Listed companies are encouraged to update their IR practices as well as adopt creative communication methods with their investors in order to address the investment community effectively.”
John Gollifer, General Manager of MEIRA said, “It is in times of upheaval that we need to ensure that we continue to share company information with our stakeholders. In working with Bahrain Bourse to discuss investor communications in a time of COVID-19, MEIRA seeks to raise the profile of IR’s important role. At the same time, we will address broader perspectives that support the efficient and transparent functioning of our regional capital markets.”
It is worth noting that Bahrain Bourse and the Middle East Investor Relations Association (MEIRA) has officially launched the MEIRA chapter in Bahrain during April 2019 with the aim of developing and enhancing best practices in Investor Relations (IR) across the Kingdom of Bahrain.
The founding members of MEIRA chapter in Bahrain include Aluminium Bahrain (‘ALBA’), Bank ABC, Bahrain Telecommunications Company (‘Batelco’), Bahrain Bourse, Ithmaar Holding, National Bank of Bahrain, and SICO BSC (c).