MANAMA: Bank ABC has received the Central Bank of Bahrain’s (CBB) approval to re-appoint the Securities and Investment Company B.S.C. (SICO) as the designated market maker with respect to the Bank’s ordinary shares listed on the Bahrain Bourse (BHB).

The approval is valid for 12 months starting on 28th May 2020 until 28th May 2021, and any further extension will be subject to CBB’s prior approval.

According to the market making arrangement, and in line with CBB’s recent regulations, SICO has sole discretion to buy and sell a maximum number of Bank ABC shares not exceeding 20,000,000 shares representing 0.6% of the total issued share capital, on Bank ABC’s behalf.