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The Center East Investor Relations Affiliation (MEIRA) Annual Convention, held in Bahrain on Monday, has grow to be a pivotal occasion for shaping the way forward for sustainable capital markets within the area. The convention, themed “From ESG to Sustainable Capital Markets,” introduced collectively business specialists and stakeholders to debate the combination of environmental, social, and governance (ESG) practices into the monetary panorama.
Key highlights from the convention included the announcement by Abeer Al Saad of a brand new regulatory framework mandating the adoption of Bahrain Bourse’s ESG tips. Ranging from the monetary 12 months 2024, all listed corporations and Central Financial institution of Bahrain (CBB)-licensed monetary establishments will likely be required to adjust to these tips. This important step displays the rising consciousness and significance of ESG elements in funding selections and company methods.
The occasion featured 39 audio system and 20 exhibitors and was attended by 400 contributors. Discussions centered round rising developments in GCC Markets and the ‘Tabadul Hub’ initiative, which has been into consideration since June 2020. The initiative is a part of a broader effort to boost the area’s capital markets by way of improved investor relations (IR) practices and ESG integration.
Distinguished company Shaikh Khalifa bin Ebrahim Al Khalifa and John Gollifer praised the convention for highlighting the very important function capital markets play in selling ESG values and optimum IR practices. This 12 months’s convention additionally marked MEIRA’s fifteenth anniversary, underscoring its dedication to creating capital market professionals within the area.
The collaboration between the Central Financial institution of Bahrain, Bahrain Bourse, and MEIRA at this occasion underscores a collective effort to advance sustainable funding practices. The convention’s success is clear in its capability to assemble key gamers to debate regulatory adjustments and business developments which can be anticipated to form the way forward for GCC markets.
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