Manama: Bahrain Bourse (BHB) and Zain Bahrain B.S.C. on signed an agreement to assign Bahrain Bourse as a share registrar for the shares of Zain Bahrain.
The agreement was signed by the Chief Executive Officer of Bahrain Bourse, Shaikh Khalifa bin Ebrahim Al-Khalifa and the General Manager of Zain Bahrain Mohammed Zainalabedin.
According to the agreement, Bahrain Bourse will provide Zain Bahrain with a variety of services that includes maintaining a record of the share register that holds the shares in electronic form, and updating the data of the registry as a result of dealing on the company’s shares in accordance with the rules and regulations of Bahrain Bourse, and other related services.
Zain Bahrain will provide BHB with electronic reports on the transfer of ownership resulting from executed transactions on the shares of the company as well as the percentage of investors’ holdings, investors’ account statements, and other periodical reports.
Shaikh Khalifa welcomed the joining of Zain Bahrain to the list of companies that BHB provides with a variety of developed services as a share registrar, praising the confidence that Zain Bahrain has put in BHB and at the same time ensuring that the bourse will continue developing its services by investing in its technical infrastructure and training to continue developing BHB’s staff to meet the demands of its clients and listed companies.
The General Manager of Zain Bahrain, Mohammed Zainalabedin expressed his delight for the signing of the agreement with BHB.
“The signing of the agreement with Bahrain Bourse will enhance the commitments of Zain Bahrain that go in line with the principles of corporate governance, and abiding with such high standards in dealing with shareholders is a vital area for the core of our business to maintain the confidence of our current and potential investors.”
Zain Bahrain joins the list of listed companies BHB serves as a Share Registrar, including Batelco, Alba, Khaleeji Commercial Bank, Takaful International and United Paper Industries. BHB provides those companies with unique professional registrar services that enable them to receive detailed reports on their shareholders’ dealings at the bourse.