Latest news with #eIPO
Zawya
3 days ago
- 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
4 days 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
4 days 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.'
Trade Arabia
4 days ago
- 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."
Zawya
25-02-2025
- Business
- Zawya
Oman: FSA launches eIPO platform to speed up securities issuance
Muscat: As part of its efforts to digitise services and streamline procedures regulating the Omani capital market, the Financial Services Authority (FSA) has launched the first phase of the electronic securities issuance system (eIPO). This new system aims to enhance efficiency and expedite transactions between the FSA and relevant entities. The eIPO platform, an integrated digital solution, is designed to regulate the primary market issuance and listing processes in the Omani capital market, fostering an electronic environment that improves transparency and accelerates operations, the FSA said in a statement. The system was developed in collaboration with the National Program for Financial Sustainability and Financial Sector Development (Estidama) and Muscat Clearing and Depository Company (MCD). According to the FSA, the eIPO system is expected to reduce the time and effort required to complete IPO procedures while ensuring a seamless flow of information between all relevant stakeholders. This will enhance transparency in financial transactions and contribute to a more advanced regulatory environment. Key stakeholders, including issuers, the Muscat Stock Exchange (MSX), MCD, issue managers, and legal advisors, will benefit from improved coordination, fostering institutional cooperation and enhancing overall preparedness for securities offerings. Additionally, the introduction of this system aligns with the objectives of the capital market incentives programme. Phased roll out The first phase of the electronic issuance system focuses on three key procedures, beginning with the submission of securities issuance applications. This includes collecting and analysing financial and legal data related to the securities and ensuring compliance with applicable regulations. This stage also involves issuing initial approvals and providing the necessary guidance to facilitate the issuance process. As a result, the eIPO system streamlines approval processes and simplifies regulatory procedures through digital transformation, reducing paperwork and administrative burdens for issuers. This advancement is expected to have a positive impact on the financial market. The system will be implemented in two further phases beyond the current stage of application submission and issue approval, with details to be announced in due course, the FSA said in its statement. The second phase include the book-building stage, which determines the price range for the securities in coordination with issue managers and investors. This process aims to ensure fair pricing in line with market standards. The final phase will be the listing stage on the MSX, where all regulatory procedures will be completed, and the securities will become available for trading. This will enhance market liquidity and increasing the attractiveness of investment in the Omani capital market. The FSA continues to enhance its services for both individuals and institutions. In 2024, the percentage of digital transformation in FSA services exceeded 93%. Furthermore, the FSA made significant progress in the Digital Transformation Competence Index, achieving a score of 84% in 2024, up from 76% in 2023. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
