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Friday, April 26, 2024 10:1 GMT
Al Baraka Banking Group (ABG) has reappointed Sico as its designated market maker with respect to the bank’s ordinary shares listed on Bahrain Bourse. The announcement comes after CBB approval on August 27. The market making mechanism allows Sico to buy and sell ABG shares in the market.This enables the repurchase of an amount up to 3pc of the shares and their re-offer in the market. ABG president and chief executive Adnan Yousif said: “This dynamic and liquid trading environment will establish a mechanism to improve liquidity of trading in our shares, which will enhance the share price and the investors’ demand.”