The Middle East Investor Relations Association (MEIRA) Annual Conference, held in Bahrain on Monday, has turn into 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 consultants and stakeholders to debate the mixing 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 pointers. Starting from the monetary 12 months 2024, all listed firms and Central Bank of Bahrain (CBB)-licensed monetary establishments will probably be required to adjust to these pointers. This vital step displays the rising consciousness and significance of ESG elements in funding choices 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 account since June 2020. The initiative is a part of a broader effort to reinforce the area’s capital markets by improved investor relations (IR) practices and ESG integration.
Distinguished visitors Shaikh Khalifa bin Ebrahim Al Khalifa and John Gollifer praised the convention for highlighting the very important position 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 growing capital market professionals within the area.
The collaboration between the Central Bank of Bahrain, Bahrain Bourse, and MEIRA at this occasion underscores a collective effort to advance sustainable funding practices. The convention’s success is obvious in its skill to collect key gamers to debate regulatory modifications and business developments which might be anticipated to form the way forward for GCC markets.
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