Al Abraaj Group Embraces Bitcoin in Financial Strategy

The Bahrain Stock Exchange-listed company, Al Abraaj Group, has taken a bold step by integrating Bitcoin into its financial strategy. This acquisition saw the group acquiring five bitcoins as part of its balance sheet. It makes Al Abraaj the first publicly traded entity in Bahrain, the GCC, and the Middle East to utilize Bitcoin as a treasury asset. 10X Capital will join this venture, collaborating with Al Abraaj for continued bitcoin purchases for its treasury. The company is committed to ensuring robust measures like stringent custody, portfolio risk management, and governance policies are put into place to oversee its Bitcoin holdings.