Investing.com | Editor Ambini Aishwarya
Published November 14, 2023 at 3:33am ET
The Middle East Investor Relations Association (MEIRA) Annual General Meeting held in Bahrain on Monday was a pivotal event in shaping the future of sustainable capital markets in the region. Themed “From ESG to Sustainable Capital Markets,” the conference brought together industry experts and stakeholders to discuss the integration of environmental, social, and governance (ESG) practices into the financial environment.
Key highlights of the conference included Abeer Al Saad’s announcement on a new regulatory framework mandating the adoption of Bahrain Stock Exchange’s ESG guidelines. From fiscal year 2024, all listed companies and financial institutions licensed by the Central Bank of Bahrain (CBB) will be required to comply with these guidelines. This important step reflects his growing recognition and importance of ESG factors in investment decisions and corporate strategies.
The event featured 39 speakers, 20 exhibitors, and attracted 400 attendees. The discussion centered on new trends in the GCC market and the “Tabadul Hub” concept, which has been under consideration since June 2020. The initiative is part of a broader effort to strengthen the region’s capital markets through improved investor relations (IR) practices and ESG integration. .
Distinguished guests Sheikh Khalifa bin Ebrahim Al Khalifa and John Golliffer praised the conference for highlighting the important role capital markets play in promoting ESG values and best IR practices. This year’s conference also marked his 15th anniversary of MEIRA and highlighted his MEIRA’s commitment to developing capital markets professionals in the region.
The collaboration between the Central Bank of Bahrain, Bahrain Stock Exchange and MEIRA in this event highlights their joint efforts to promote sustainable investment practices. The success of this conference is evident in its ability to bring together key stakeholders to discuss the regulatory changes and industry trends expected to shape the future of the GCC market.
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Written by: Investing.com