Al Abraaj Group Pioneers Bitcoin Adoption in the Middle East
Al Abraaj Group has made history. ItS the frist listed company in the Middle East to include Bitcoin in its treasury. This move mirrors steps taken by MicroStrategy and Tesla.
Al Abraaj, based in Bahrain, recently bought 5 BTC. The firm plans to buy more. This decision is part of a new strategy. It aims to boost shareholder value.
Abdullah Isa, the head of the Bitcoin Treasury Committee, shared the news. he said the company sees Bitcoin as key to the future of finance.The group believes in Bitcoin’s potential. They see it as a way to grow wealth for shareholders.
Isa explained the move. He said it shows the company’s forward-thinking approach. The goal is to maximize returns for investors.The company sees Bitcoin as a vital part of the financial world. They want to lead the region in this area.
Al Abraaj Group is partnering with 10X Capital. This New York firm will help manage the Bitcoin investments. Hans Thomas, CEO of 10X capital, believes this move opens Bitcoin to more investors in the Gulf.
Al Abraaj is also exploring Shariah-compliant options. This would make Bitcoin accessible to the Islamic financial market. The company assures that all actions follow bahrain’s central bank rules.
