Bahrain Stock ExchangeBahrain Stock Exchange

The MOU aims to foster a closer relationship and develop channels of information exchange in the areas of operations, regulatory framework, and the equities products traded on the respective markets.

The MOU was signed by Mr Fouad Rashid, Director of Bahrain Stock ExchangeBahrain Stock Exchange, and Mr Gan Seow Ann, Senior Executive Vice President and Head of Markets.

Mr Fouad Rashid, Director of Bahrain Stock ExchangeBahrain Stock Exchange commented, "We are delighted to have signed an MOU with Singapore as a key exchange in the Asia Pacific region. We are looking forward to a close working relationship and to exchanging knowledge and expertise, to our mutual benefit. We anticipate that the MOU will lead to increased capital flows between Bahrain and Singapore as leading financial markets in their respective regions".

Mr. Fouad Rashid said that signing this MOU aligns with the efforts of Bahrain Stock ExchangeBahrain Stock Exchange to enhance the joint cooperation between Bahrain Stock ExchangeBahrain Stock Exchange and stock markets worldwide in order to benefit from their experiences and develop the Exchange.

Mr Hsieh Fu Hua, Chief Executive Officer of SGX said, "As the Asian Gateway exchange, SGX looks forward to working with our Bahraini counterparts to grow and strengthen our leadership positions in our respective geographies."

-Ends-

About Singapore Exchange Limited
Singapore Exchange (SGX) was inaugurated on 1 December 1999, following the merger of two established and well-respected financial institutions - the Stock Exchange of Singapore (SES) and the

Singapore International Monetary Exchange (SIMEX). SGX is Asia-Pacific's first demutualised and integrated securities and derivatives exchange and is listed on its own bourse. The exchange's stock is a component of benchmark indices such as the MSCI Singapore's Free Index and the Straits Times Index (STI).

SGX aims to offer a highly trusted, comprehensive and efficient securities and derivatives marketplace for raising capital, risk transfer, trading, clearing and settlement. SGX facilitates the trading and clearing of commodity futures and over-the-counter (OTC) derivatives such as forward freight agreements and oil swaps. Through strategic alliances and partnerships with other exchanges around the world, SGX is firmly positioned as an Asian Gateway.

For more information, please visit SGX website: www.sgx.com

About Bahrain Stock Exchange
The Bahrain Stock ExchangeBahrain Stock Exchange (BSE) was established as an independent entity in 1987 and officially commenced operations two years later in June 1989. Financial instruments listed include ordinary and preferred shares, bonds/Islamic Sukuk, and mutual funds. The BSE is regulated by The Central Bank of Bahrain (CBB).

Trading at the BSE is conducted using an Automated Trading System (ATS). The trading session is from 9.30 a.m. to 12:30 noon, including a pre-opening period of 15 minutes starting from 9:15 a.m. Clearing and settlement of transactions is made within two working days (T+2).

There are 52 companies listed on the exchange, 42 mutual funds, and 14 bonds/Islamic Sukuk traded on the exchange. The BSE's market capitalization is approximately US$30 billion.

There are three indices tracking the market's performance namely: the Bahrain All Share Index, the Esterad Index (which consists of a basket of selected local-publicly listed companies), and the Dow Jones Bahrain Index.

The Kingdom of Bahrain allows foreigners to own up to 100% of shares of local listed companies. Bahrain also does not enforce any taxes on investment in securities nor on capital gains generated from trading on shares.

© Press Release 2008 from Promoseven

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