Polytechnic wins CFA Institute Research Challenge

Manama, Feb. 24 (BNA): Bahrain Polytechnic has won the 2018-19 CFA Institute Research Challenge in Bahrain, it was announced in a close competition hosted by CFA Society Bahrain, the Kingdom’s association for local investment professionals. The competing teams produced an equity research report on the financial performance of Bahrain Telecommunication Company (Batelco), which was then judged by CFA Society Bahrain and representatives from SICO and Bank of Bahrain & Kuwait (BBK) based on accuracy, insight and analysis. Bahrain Polytechnic will compete in the EMEA Regional Final in Zurich, Switzerland between 10-11 April 2019, against other teams from universities around the world. The winning team will then compete in the Global Final on 25 April in New York, USA. This year’s competition featured four universities including: University of Bahrain, Bahrain Polytechnic, Bahrain Institute of Banking and Finance (BIBF) and Strathclyde Business School. Mahmoud Nawar, CFA, President of CFA Society Bahrain said: "We would like to congratulate Bahrain Polytechnic and all the other participating universities in this year’s competition, as we seek to equip the Kingdom’s future investment professionals with the best practices in equity research. As Bahrain’s investment management industry continues to evolve and grow in its status as a regional financial centre, CFA Society Bahrain is committed to help develop a strong pipeline of professionals who are ready to contribute towards the industry’s advancement. Through this competition, we are able to offers students in the Kingdom the opportunity to learn from industry experts and compete against other finance students from top business schools around the world."