Latest news with #BENEFIT
Zawya
a day ago
- Business
- Zawya
Bahrain Bourse and BENEFIT partner to launch eIPO service on BenefitPay
BENEFIT, the Kingdom's innovator and leading company in Fintech and electronic financial transactions service, has signed a strategic cooperation agreement with Bahrain Clear, a fully-owned subsidiary of Bahrain Bourse, to launch eIPO Service (electronic initial public offering service) on BenefitPay. This initiative marks a significant advancement in streamlining investor access to public share offerings on the Bahrain Bourse. The new feature within the BenefitPay application, expected to be launched Q4 2025, will provide a fully integrated digital platform that enables users to subscribe to IPOs listed on the Bahrain Bourse. With its intuitive and user-friendly interface, the service will ensure a smooth end-to-end experience—from registration through to payment—while offering detailed and up-to-date information on available public offerings. This enhancement aims to provide retail investors with streamlined access to investment opportunities, improving both accessibility and overall user convenience. Shaikh Khalifa bin Ebrahim Al Khalifa, Chief Executive Officer of Bahrain Bourse and Vice Chairman & Managing Director of Bahrain Clear stated 'We are pleased to collaborate with BENEFIT—an instrumental force in advancing Bahrain's digital financial infrastructure—to expand the reach of our eIPO services through the BenefitPay platform. The eIPO service provides a secure, streamlined process for submitting and managing IPO subscription applications. Integrating this service within BenefitPay represents a strategic evolution in our efforts to enhance investor accessibility, simplify the subscription process, and foster greater public participation in capital market opportunities.' 'The eIPO platform aims to further complement current service offering by Bahrain Clear, and aims to be aligned with the key objective of Financial Services Sector Development Strategy (2022-2026),' Shaikh Khalifa added. Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi, stated: 'We are pleased to announce this strategic partnership with Bahrain Bourse, which represents a major step forward in advancing digital financial services across the Kingdom. By integrating eIPO functionality into BenefitPay, we are enabling individual investors to subscribe to IPOs more efficiently, securely, and transparently. This service simplifies the subscription process and encourages broader investor participation in IPOs—solidifying BENEFIT's role as a key enabler of digital transformation within the Bahrain Bourse and the wider financial ecosystem.' Mr. AlJanahi further added, 'This initiative underscores BENEFIT's ongoing efforts to support the Kingdom of Bahrain's dynamic digital transformation within the banking and financial services sector. We remain dedicated to continuously enhancing the capabilities of the BenefitPay platform by introducing forward-looking features that promote financial inclusion and encourage a more informed and engaged investment community. We are confident that this collaboration will play a meaningful role in increasing investor participation and further strengthening the capital market ecosystem.'
Biz Bahrain
a day ago
- Business
- Biz Bahrain
Bahrain Bourse and BENEFIT Partner to launch eIPO Service on BenefitPay as part Bahrain Clear Service Offering
BENEFIT, the Kingdom's innovator and leading company in Fintech and electronic financial transactions service, has signed a strategic cooperation agreement with Bahrain Clear, a fully-owned subsidiary of Bahrain Bourse, to launch eIPO Service (electronic initial public offering service) on BenefitPay. This initiative marks a significant advancement in streamlining investor access to public share offerings on the Bahrain Bourse. The new feature within the BenefitPay application, expected to be launched Q4 2025, will provide a fully integrated digital platform that enables users to subscribe to IPOs listed on the Bahrain Bourse. With its intuitive and user-friendly interface, the service will ensure a smooth end-to-end experience—from registration through to payment—while offering detailed and up-to-date information on available public offerings. This enhancement aims to provide retail investors with streamlined access to investment opportunities, improving both accessibility and overall user convenience. Shaikh Khalifa bin Ebrahim Al Khalifa, Chief Executive Officer of Bahrain Bourse and Vice Chairman & Managing Director of Bahrain Clear stated 'We are pleased to collaborate with BENEFIT—an instrumental force in advancing Bahrain's digital financial infrastructure—to expand the reach of our eIPO services through the BenefitPay platform. The eIPO service provides a secure, streamlined process for submitting and managing IPO subscription applications. Integrating this service within BenefitPay represents a strategic evolution in our efforts to enhance investor accessibility, simplify the subscription process, and foster greater public participation in capital market opportunities.' 'The eIPO platform aims to further complement current service offering by Bahrain Clear, and aims to be aligned with the key objective of Financial Services Sector Development Strategy (2022-2026),' Shaikh Khalifa added. Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi, stated: 'We are pleased to announce this strategic partnership with Bahrain Bourse, which represents a major step forward in advancing digital financial services across the Kingdom. By integrating eIPO functionality into BenefitPay, we are enabling individual investors to subscribe to IPOs more efficiently, securely, and transparently. This service simplifies the subscription process and encourages broader investor participation in IPOs—solidifying BENEFIT's role as a key enabler of digital transformation within the Bahrain Bourse and the wider financial ecosystem.' Mr. AlJanahi further added, 'This initiative underscores BENEFIT's ongoing efforts to support the Kingdom of Bahrain's dynamic digital transformation within the banking and financial services sector. We remain dedicated to continuously enhancing the capabilities of the BenefitPay platform by introducing forward-looking features that promote financial inclusion and encourage a more informed and engaged investment community. We are confident that this collaboration will play a meaningful role in increasing investor participation and further strengthening the capital market ecosystem.'
Daily Tribune
6 days ago
- Business
- Daily Tribune
BENEFIT develops local FinTech leaders
TDT | Manama A new wave of Bahraini FinTech leaders is being groomed under the second edition of BENEFIT's Ruwaad Leadership Program, as the Kingdom's flagship digital finance firm ramps up efforts to build local leadership for the sector's future. The four-month programme aims to transform emerging professionals into strategic thinkers equipped to lead in Bahrain's evolving digital economy. With its emphasis on hands-on training, executive skills, and innovation, Ruwaad is fast becoming a key talent engine in the country's FinTech ecosystem. Skilling for the future The launch follows the strong performance of last year's inaugural cohort, with BENEFIT now expanding the programme's scope to strengthen Bahrain's competitive edge in financial technology. 'This marks the culmination of the outstanding success achieved by the inaugural cohort,' said Muneera Al Jaber, Manager of Learning & Development at BENEFIT. 'At BENEFIT, we firmly believe that investing in the development of young talent is a cornerstone for fostering sustainable leadership and excellence within the financial sector.' She said the initiative reflects the company's commitment to nurturing professionals who can contribute meaningfully to both national growth and internal innovation. Part of a pipeline Ruwaad is one of several career-building initiatives launched by the company, including the Masar Internship Programme and the FinTech Drivers initiative. Together, they form a growing pipeline that supports young Bahrainis from entry-level exposure to high-level leadership development. 'These efforts will continue, ensuring that emerging talent actively contributes to the growth and advancement of Bahrain's FinTech sector,' said Al Jaber.
Biz Bahrain
6 days ago
- Business
- Biz Bahrain
BENEFIT launches second cohort of Ruwaad Leadership Program to empower future fintech leaders
BENEFIT, the Kingdom's innovator and leading company in Fintech and electronic financial transactions service, has announced the launch of the second cohort of its Ruwaad BENEFIT Leadership Program, building on the success and impact achieved by the inaugural cohort last year. The Ruwaad BENEFIT Leadership Program delivers a comprehensive, four-month experience aimed at accelerating the development of emerging leaders. Participants will be equipped with advanced skills, strategic insights, and practical experiences essential for excelling in their careers and driving impact within Bahrain's dynamic FinTech landscape. Ms. Muneera Al Jaber, Manager of Learning & Development at BENEFIT, said: 'The launch of the second cohort of 'Ruwaad BENEFIT Leadership Program' marks the culmination of the outstanding success achieved by the inaugural cohort and the notable progress demonstrated by its participants. At BENEFIT, we firmly believe that investing in the development of young talent is a cornerstone for fostering sustainable leadership and excellence within the financial sector. This program stands as one of the key initiatives through which we aim to cultivate a new generation of leaders equipped to meet the evolving demands and aspirations of the future'. Ms. Al Jaber affirmed that this initiative reflects BENEFIT's commitment to nurturing leadership talent and equipping emerging professionals with the skills and expertise necessary to shape the future of the financial sector and drive innovation within the company. 'Ruwaad BENEFIT Leadership Program forms part of a broader series of successful initiatives dedicated to strengthening the capabilities of Bahraini youth by providing them with practical experience and high-calibre skills in the field of FinTech, including Internship Program 'Masar' and the FinTech Drivers Program. Efforts to develop and empower emerging talent will continue, ensuring their active contribution to the growth and advancement of Bahrain's FinTech sector.' said Ms. Al Jaber.
Zawya
7 days ago
- Business
- Zawya
BENEFIT launches second cohort of Ruwaad Leadership Program to empower future fintech leaders
BENEFIT, the Kingdom's innovator and leading company in Fintech and electronic financial transactions service, has announced the launch of the second cohort of its Ruwaad BENEFIT Leadership Program, building on the success and impact achieved by the inaugural cohort last year. The Ruwaad BENEFIT Leadership Program delivers a comprehensive, four-month experience aimed at accelerating the development of emerging leaders. Participants will be equipped with advanced skills, strategic insights, and practical experiences essential for excelling in their careers and driving impact within Bahrain's dynamic FinTech landscape. Ms. Muneera Al Jaber, Manager of Learning & Development at BENEFIT, said: "The launch of the second cohort of "Ruwaad BENEFIT Leadership Program" marks the culmination of the outstanding success achieved by the inaugural cohort and the notable progress demonstrated by its participants. At BENEFIT, we firmly believe that investing in the development of young talent is a cornerstone for fostering sustainable leadership and excellence within the financial sector. This program stands as one of the key initiatives through which we aim to cultivate a new generation of leaders equipped to meet the evolving demands and aspirations of the future". Ms. Al Jaber affirmed that this initiative reflects BENEFIT's commitment to nurturing leadership talent and equipping emerging professionals with the skills and expertise necessary to shape the future of the financial sector and drive innovation within the company. "Ruwaad BENEFIT Leadership Program forms part of a broader series of successful initiatives dedicated to strengthening the capabilities of Bahraini youth by providing them with practical experience and high-calibre skills in the field of FinTech, including Internship Program "Masar" and the FinTech Drivers Program. Efforts to develop and empower emerging talent will continue, ensuring their active contribution to the growth and advancement of Bahrain's FinTech sector." said Ms. Al Jaber. -Ends- Media Contact: Aisha Buhiji Administrator, PR & Corporate Communication ayshab@ The Benefit Company B.S.C (C) P.O Box 2546, Seef District, Kingdom of Bahrain
