Benefit, a leading fintech innovator in Bahrain, has signed a strategic partnership agreement with Bahrain Clear, a subsidiary of Bahrain Bourse, to introduce an electronic initial public offering (eIPO) service on the BenefitPay platform. Scheduled for launch in Q4, the integrated digital service will allow users to subscribe to IPOs listed on the Bahrain Bourse through a seamless, user-friendly interface.
The eIPO service offers end-to-end convenience from registration to payment, with real-time updates on public offerings, enhancing accessibility for retail investors and simplifying the investment process.
Shaikh Khalifa bin Ebrahim Al Khalifa, CEO of Bahrain Bourse and Vice Chairman & Managing Director of Bahrain Clear, highlighted the collaboration as a major step in expanding investor participation and aligning with Bahrain’s Financial Services Sector Development Strategy (2022-2026).
Benefit CEO Abdulwahed AlJanahi emphasized the partnership’s role in driving digital transformation within Bahrain’s financial sector, improving efficiency, transparency, and encouraging broader investor engagement through BenefitPay.
This initiative reinforces both entities’ commitment to advancing Bahrain’s capital markets ecosystem and promoting financial inclusion through innovative digital services.
