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Batelco Recognized as the Leading “quoted” Bahrain Company at 2010 Middle East Investor Relations Society Award Ceremony.

Batelco Recognized as the Leading “quoted” Bahrain Company at 2010 Middle East Investor Relations Society Award Ceremony.

Aridon Award - To Peter KaliaropoulosManama, Bahrain: Batelco, the Kingdom's leading Telecommunications Company was voted as

Bahrain's Leading Quoted Company for Investor Relations (IR) at the Middle East Investor Relations (ME-IR) Awards ceremony held recently in Beirut, Lebanon.

The annual IR awards, which recognises practitioners and companies in the Middle East for best IR practices at global standards, was attended by fund managers and capital market executives who gathered to celebrate the development of excellence in IR standards across the region. 

Country finalists were selected based on the results of a Thompson Reuters Extel survey which gathered responses from over 223 fund managers and analysts covering the Middle East.

ARINDON Managing Director Anthea Ameer presented the award to Batelco Group Chief Executive Officer Peter Kaliaropoulos, on behalf of the Middle East Investor Relations Society, the event organisers.

"ARINDON sits on the board of the ME-IR society and is working closely with them to establish a Bahrain Chapter.  Since its formation in 2008, the ME-IR has played an active part in ensuring that Middle East companies have access to the necessary tools, resources and network of experts to support them in their efforts to adopt and implement best practice investor relations.

Mr. Kaliaropoulos said that winning the award validates Batelco's high standards and transparency in all the Company's investor relations communications.

 "At Batelco we have significantly raised the bar by implementing best practice corporate governance initiatives across all areas of the Company including the key area of Investor Relations. Transparency in reporting business performance and supporting our shareholders to obtain timely and accurate answers to their questions, whilst fully complying with BSE and CBB regulations, is of utmost critical importance to us. "

Ms. Ameer noted that Batelco has won this award for two consecutive years due to its continued commitment to raising IR standards and building trust and transparency with investors, regulators and the wider financial public.

"Post the global debt crisis, we have witnessed a sincere desire for openness and increased accountability across the region driven by the fight for capital and increased corporate governance.   Consequently, we believe the role of both debt and equity IR will continue to gain importance as capital markets show signs of recovery," she said.

Mr. Kaliaropoulos extended Batelco's appreciation to the ME-IR Society and ARINDON for emphasising the importance of IR in the Middle East and for setting high standards that elevate the region's IR practices to the levels required by investors around the globe.