Latest news with #eIPO
Business Recorder
08-07-2025
- Business
- Business Recorder
CDC facilitates ICMA international elections
KARACHI: Central Depository Company of Pakistan Limited (CDC) has successfully facilitated the Institute of Cost & Management Accountants of Pakistan (ICMA) International Branch Council Elections 2025. The elections were conducted seamlessly across six strategic locations-including Saudi Arabia, the United Arab Emirates, Karachi, Lahore, Multan, and Faisalabad-marking a milestone in cross-border digital governance. Held on a single day, the elections unified the ICMA International community through a secure, transparent, and fully digitised voting process. Leveraging CDC's robust digital infrastructure, the initiative exemplified how strategic technology partnerships can transform institutional governance-enabling professional bodies to operate with greater inclusivity, efficiency, and integrity. Electronic voting was made available through an enhanced, state-of-the-art e-Voting platform by CDC, accessible both online and via designated ICMA institute booths. Voters received real-time support throughout the process, ensuring accessibility and participation regardless of geography or technical familiarity. The platform was specifically upgraded to meet ICMA International's requirements, including the display of candidate names alongside photographs and built-in controls to ensure accurate ballot submissions aligned with the number of eligible candidates. CDC has been offering e-Voting service to multiple listed companies through its wholly-owned subsidiary CDC Share Registrar. Commenting on the achievement, Badiuddin Akber, CEO of CDC, has said that this successful execution reaffirms CDC's commitment to supporting democratic processes across diverse sectors. 'By enabling a cross-border election through secure and inclusive digital means, we continue to demonstrate the far-reaching impact of Pakistan's capital market infrastructure. Our vision extends beyond the conventional role of a depository—towards shaping institutional trust, accountability, and governance at every level', he added. This collaboration not only reflects CDC's technological leadership but also underscores its role as an enabler of institutional transparency, innovation, and inclusive governance. As the sole securities depository of Pakistan, CDC has continually expanded its mandate-introducing a range of transformative digital solutions including Emlaak Financials, Asaan Connect, eIPO, CDC Access, Dividend Repository, and e-Meeting. These platforms are designed to simplify investor access, digitize market processes, and enhance operational efficiency across the financial ecosystem. Anchored in trust, resilience, and forward-looking partnerships, CDC remains committed to building platforms that meet the evolving needs of stakeholders-both within and beyond the capital market. Copyright Business Recorder, 2025
Zawya
02-06-2025
- Business
- Zawya
Bahrain Bourse, Benefit launch eIPO service on BenefitPay
Bahrain - Benefit, the kingdom's innovator and leading company in fintech and electronic financial transactions service, has signed a strategic co-operation 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, said a statement from Benefit. The new feature within the BenefitPay application, expected to be launched in Q4, 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, the CEO of Bahrain Bourse and Vice Chairman & Managing Director of Bahrain Clear, said: "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," he stated. Shaikh Khalifa said that the eIPO platform is set 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). Benefit CEO Abdulwahed AlJanahi said: "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," he stated. AlJanahi said: "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," he added. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
01-06-2025
- 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
01-06-2025
- 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.'
Trade Arabia
01-06-2025
- Business
- Trade Arabia
Bahrain Bourse, Benefit launch eIPO service on BenefitPay
Benefit, the kingdom's innovator and leading company in fintech and electronic financial transactions service, has signed a strategic co-operation 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, said a statement from Benefit. The new feature within the BenefitPay application, expected to be launched in Q4, 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, the CEO of Bahrain Bourse and Vice Chairman & Managing Director of Bahrain Clear, said: "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," he stated. Shaikh Khalifa said that the eIPO platform is set 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). Benefit CEO Abdulwahed AlJanahi said: "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," he stated. AlJanahi said: "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."
