4W
...
Bahrain’s Al Abraaj Restaurants Group has made history by becoming the first publicly listed company in the Middle East to adopt Bitcoin as a corporate treasury asset. The company has partnered with New York-based 10X Capital to follow a Bitcoin Treasury strategy similar to MicroStrategy and Metaplanet.
Al Abraaj purchased 5 Bitcoin and will gradually expand its holdings to boost shareholder value while offering Sharia’a compliant Bitcoin exposure to investors in the Islamic world. This move positions Bahrain as a leader in the region’s crypto adoption supported by progressive financial regulations and a $12.5 million EBITDA in 2024.
Investors across Bahrain Saudi Arabia UAE Kuwait Qatar and Oman can now gain Bitcoin exposure by buying ABRAAJ stock on the Bahrain Bourse. With global access to shares this marks a major shift in digital asset accessibility through public equity and highlights a bold new chapter in Middle East finance.
