Bahrain Bourse (BHB) announced on Thursday, 12th December 2019 the listing of the first company on Bahrain Investment Market (BIM) “Sprinkle Holding BSC (closed)” a specialized FinTech company, under the trading symbol SPKL. A ringing bell ceremony was held to mark the commencement of trading on SPKL shares in the presence of H.E. Zayed bin Rashid Alzayani, Minister of Industry, Commerce, & Tourism and Minister in Charge of Bahrain Bourse, H.E. Aymen bin Tawfeeq Almoayyed, Minister of Youth and Sports Affairs, along with Alexander Wallin and Tomas Wallin, CEO and Chairman of Sprinkle Holding, and senior officials of Bahrain Bourse and members of Almoayed Chambers, the Authorized Sponsor, along with various stakeholders.
On his part, Sh. Khalifa Bin Ebrahim Al Khalifa Chief Executive Officer of Bahrain Bourse commented stating: “We are proud that a global Fintech company has chosen the Kingdom of Bahrain as its hub and Bahrain Bourse as its preferred listing exchange, mainly driven by the relaxed regulatory framework that the Bahrain Investment Market aims to offer. Sprinkle Holding’s value proposition fits in well with the Kingdom’s strategy to position itself as a pioneering Fintech hub within the region. Sprinkle Holding is currently listing as a closed company, and aims to raise capital through public offering within the next two years.”
On his part, Alexander Wallin Chief Executive Officer of Sprinkle Holding said, “We are excited to work closely with Bahrain Bourse to be the first listed company on the Bahrain Investment Market and hope to become the trailblazer of the next generation companies to be listed on BIM. We see a bright future in Bahrain with the strong emphasis of Fintech and we wish to be a part of the movement which puts Bahrain in the forefront global Fintech for a long time to come.”
On their part,