Singapore and Manama, Bahrain, 14 October 2008 – Singapore Exchange Limited (SGX) and Bahrain Stock Exchange are pleased to announce that they have signed a Memorandum of Understanding (MOU) today to collaborate for the benefit of the financial services industries in Singapore and Bahrain.
The MOU aims to foster a closer relationship and develop channels of information exchange in the areas of operations, regulatory framework, and the equities products traded on the respective markets.
The MOU was signed by Mr Fouad Rashid, Director of Bahrain Stock Exchange, and Mr Gan Seow Ann, Senior Executive Vice President and Head of Markets at SGX.
Mr Hsieh Fu Hua, Chief Executive Officer of SGX said, "As the Asian Gateway exchange, SGX looks forward to working with our Bahraini counterparts to grow and strengthen our leadership positions in our respective geographies."
Mr Fouad Rashid, Director of Bahrain Stock Exchange commented, "We are delighted to have signed an MOU with Singapore as a key exchange in the Asia Pacific region. We are looking forward to a close working relationship and to exchanging knowledge and expertise, to our mutual benefit. We anticipate that the MOU will lead to increased capital flows between Bahrain and Singapore as leading financial markets in their respective regions."
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