Fouad Rahman Rashid
Company: Bahrain Stock Exchange (BSE)
Biography: In his role as director of the BSE, Fouad Rahman Rashid has worked to strengthen its collaboration with other exchanges in the region.
Rashid facilitated the BSE’s signing of a memorandum of understanding with the ADX in May 2007 to strengthen co-operation between the two markets, especially in matters related to the clearing and settlement of securities. In 2008, Rashid oversaw the launch of the BSE’s online trading service, which gives clients the ability to respond quickly to share price fluctuations and enables investors to track their portfolios through an electronic trading system via the internet.
Rashid has played a key role in increasing the number of sukuk (Islamic bond) issuances on the BSE, the largest being the $1bn bond issued in 2008 by Saudi Arabia’s Dar al-Arkan International Sukuk Company.
Contact: (+973) 1721 2759