Bahrain Bourse (BHB) has authorised the appointment of BDO Consulting as a specialised advisory firm (sponsor) operating within the Bahrain Investment Market (BIM), an equity market for growing business ventures in Bahrain and the wider Mena region.

The agreement was signed by the Bahrain Bourse chief executive Shaikh Khalifa bin Ebrahim Al Khalifa and BDO chairman Jawad Habib in the presence of BDO Bahrain CEO Ali Jawad and Partner Arshad Gadit.

Bahrain Investment Market (BIM), which was officially launched in March 2017 by the Bahrain Bourse, features relaxed admission requirements and reduced financial disclosure rules, access to global investors, guidance services through specialized advisory firms, and many other benefits.

The agreement with BDO Consulting  has added one more key partner to the cornerstone of support that BIM offers businesses and enterprise investors looking to establish and grow their presence in the region. In addition to access to capital, listed companies will benefit from specialised advisory services in multiple sectors and the implementation of globally accepted standards for financial auditing and reporting statements as mandated by the BIM, said a statement.

Specialised advisory firms play an advisory role to all new clients helping to ensure all pre-listing requirements and post-listing documentation and disclosures are continuously met.
Established in 1980, BDO Consulting is a member of BDO International Limited and forms part of the international BDO network. BDO's global network extends across 158 countries, with over 67,000 people working out of more than 1,400 offices. BDO Consulting is led by 7 partners with a multi-sector focus.

Bahrain Investment Market’s partnership with BDO Consulting follows similar tie-ups earlier this year with well-known specialised advisory firms, KPMG and Keypoint.

Shaikh Khalifa noted: “A diverse and supportive ecosystem is not only essential for driving private sector growth, but also an important determining factor for foreign investors when considering where to invest. The partnership with BDO Consulting provides additional multi-sector support and advisory services that will encourage and enable investment opportunities for companies and investors from around the world.”

Jawad Habib said: “As one of the world's largest accounting and consulting networks, with a team that is drawn from a variety of multi-disciplinary backgrounds, BDO has helped a diverse clientele with a range of needs.  We are looking forward to using our international expertise and network with our local presence to provide support and key advisory services for companies wishing to be listed within the BIM. With our capabilities, we offer distinctively different relationships and show results regardless of any challenges within the economic environment.” – TradeArabia News Service