BENEFIT, Bahrain’s leading fintech and electronic financial transactions company, has signed a strategic cooperation 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 2025, the service will provide a fully integrated digital platform enabling users to subscribe to IPOs listed on Bahrain Bourse.
The new eIPO feature within BenefitPay promises a seamless end-to-end experience—from registration to payment—offering retail investors easier access to public share offerings via a user-friendly interface with up-to-date information on available IPOs. This advancement is expected to improve investor accessibility and simplify the subscription process.
Shaikh Khalifa bin Ebrahim Al Khalifa, CEO of Bahrain Bourse and Vice Chairman & Managing Director of Bahrain Clear, highlighted the collaboration’s significance: “We are pleased to expand the reach of our eIPO services through BenefitPay. This integration represents a strategic evolution in enhancing investor access, simplifying subscriptions, and fostering greater public participation in capital markets.”
He added that the eIPO platform aligns with the Financial Services Sector Development Strategy (2022-2026) and complements Bahrain Clear’s existing offerings.
Mr. Abdulwahed AlJanahi, CEO of BENEFIT, welcomed the partnership, noting, “Integrating eIPO into BenefitPay enables investors to subscribe to IPOs efficiently, securely, and transparently. This service simplifies processes and encourages broader participation, reinforcing BENEFIT’s role as a digital transformation enabler in Bahrain’s financial ecosystem.”
AlJanahi emphasized BENEFIT’s commitment to advancing Bahrain’s digital financial transformation by continuously enhancing BenefitPay with innovative features that promote financial inclusion and a more informed investment community. He expressed confidence that this collaboration will increase investor engagement and strengthen the capital market.
