PANews reported on May 25 that Al Abraaj Catering Group, listed on the Bahrain Stock Exchange, has purchased 5 Bitcoins as part of its balance sheet, becoming the first listed company in the Kingdom of Bahrain, the Gulf Cooperation Council (GCC), and the Middle East to purchase Bitcoin as treasury assets.
Al Abraaj also stated that it will continue to purchase Bitcoin as treasury assets in collaboration with 10X Capital, and implement strict custody, portfolio risk management, and governance policies to oversee its Bitcoin holdings.
