Bahrain, 27th October, 2009 - United Gulf Bank signs an Agreement to Sponsor an Electronic Display Board on BSE's trading floor at the Bahrain Financial Harbour
 

 

Bahrain, 27 October 2009: An agreement was signed between United Gulf Bank (UGB) and the Bahrain Stock Exchange (BSE) under which UGB will sponsor an Electronic Display Board showing stock prices at the Exchange’s new trading floor in its new premises at the Bahrain Financial Harbour. Present at the signing ceremony was Mr. Rasheed Mohamed Al Maraj, Governor of the Central Bank of Bahrain and Chairman of the Bahrain Stock Exchange and Mr. Mohammad Haroon, UGB’s Acting Chief Executive Officer.

Under the agreement, the Bahrain Stock Exchange will display United Gulf Bank’s name and logo on the Electronic Display Board showing information related to trading activities on the trading floor.

Mr. Rasheed Al Maraj praised United Gulf Bank’s initiative that supported the Exchange’s efforts for equipping its trading floor and expressed its appreciation of the Bank’s contributions to support and develop various economic, financial and social projects in the Kingdom of Bahrain.

Mr. Al Maraj added: “The Exchange does appreciate all the initiatives made by all the listed companies that would support its efforts in various fields which would reflect positively on the standard of services offered by the Exchange to various parties and would further enhance its competitiveness”.

Meanwhile, Mr. Fouad Rashid, the Director of Bahrain Stock Exchange appreciated UGB’s initiative to sponsor one of the Electronic Display Boards at BSE’s new trading floor, and praised the Bank’s ongoing support for the Exchange’s various activates and plans, “UGB Sponsoring the Electronic Display Board Confirms its commitment to the principle of community partnership and the important role that institutions and companies play in developing the community in the Kingdom of Bahrain through the support of various programs and projects”.

BSE Director added: “Signing this Agreement comes to further co-operation between BSE and listed companies in addition to promoting continuous co-ordination between the two sides for providing the necessary facilities and supporting the technological facilities required by BSE.

Mr. Mohammad Haroon, UGB’s Acting Chief Executive Officer said that the Bank’s underlying and longstanding commitment to support the development of Kingdom’s economic and social infrastructure projects, is an integral part of its corporate social responsibility program. This emphasizes the importance of achieving a balance between business and economic objectives and the welfare of the community, by supporting the goal of sustainable development.

He added that UGB is pleased to be sponsoring an Electronic Display Board on BSE’s new trading floor at BFH. This goes in line with the Bank’s desire to see that standard of services at Bahrain Stock Exchange are made par excellence.