Bahrain Clearing appoints Sweeney Bellars as consultant to develop post-trade service system
Sweeney Bellars Consulting has been appointed as a consultant to develop the post-trade service infrastructure at Bahrain Clearing Company.
Translated by Qiyas from الجريدة — Original source
As part of the program, the company appointed “Seven Pillars Consulting” as an independent consultant to contribute to the assessment of operations and to develop a roadmap for the next phase of developing post-trade service infrastructure.
The announcement was made on the sidelines of the Gulf Gateway Forum 2026, attended by Yousef Al-Yousef, Chairman of the Board of Directors of the Bahrain Bourse, Sheikh Khalifa bin Ibrahim Al Khalifa, Chairman of the Board of Directors of Bahrain Clear, Khaled Al Tabatabaei, Founding Partner at Seven Pillars Consulting and former CEO of the Kuwait Clearing Company, and Abdullah Al-Sinan, Managing Partner at Seven Pillars Consulting.
The program supports the objectives of the Capital Market Development Plan (2026–2028), particularly those related to developing new services and tools that enhance the efficiency and competitiveness of the Kingdom’s capital market.
The program includes a comprehensive review of Bahrain Clear’s operations, regulatory and governance frameworks, and their alignment with regulatory requirements, as well as technical infrastructure. It will result in a prioritized set of recommendations and an integrated implementation roadmap led by the company’s team.
Sheikh Khalifa bin Ibrahim Al Khalifa, Chairman of the Board of Directors of Bahrain Clear, stated: “The appointment of an independent consultant represents an important step in the ongoing efforts of Bahrain Clear to develop post-trade service infrastructure and enhance its alignment with international standards and best practices.
“This collaboration will contribute to a comprehensive assessment of the central depository and clearing system, identifying opportunities for development and improvement to enhance efficiency and resilience, and strengthening confidence in the market.”
Khaled Al Tabatabaei, Founding Partner at Seven Pillars Consulting and former CEO of the Kuwait Clearing Company, said: “The Kingdom of Bahrain has set clear ambitions for its capital market, and Bahrain Clear is taking a forward-looking step that will strengthen the entire market. The central depository and clearing house are the foundation of investor confidence in any capital market, and aligning them with international standards before the growth phase is the right approach. We are proud to work alongside the Bahrain Clear team on this program and to contribute to strengthening international investors’ confidence in the Kingdom of Bahrain’s capital market.”
The Seven Pillars team assigned to the program includes international consultants with extensive experience who have held leadership positions in central depositories and clearing houses, and have provided numerous post-trade consulting services internationally. Their expertise covers operations, regulatory frameworks, governance, and technology.
