MANAMA: An agreement was signed between Bahrain Bourse (BHB) and Al Baraka Banking Group assigning Bahrain Bourse as a share registrar for the shares of the company.
The agreement was signed by the Chief Executive Officer of Bahrain Bourse, Shaikh Khalifa bin Ebrahim Al-Khalifa, and the President and Chief Executive of Al Baraka Banking Group Mr. Adnan Ahmed Yousif.
According to the agreement, Bahrain Bourse will provide Al Baraka Banking Group 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 resulted from dealing on the company’s shares in accordance with the rules and regulations of Bahrain Bourse.
In addition, the bourse will provide Al Baraka Banking Group with online services that include real-time shareholding confirmations with the percentage of investors’ holdings, key persons’ dealings, investors’ account statements, and other periodical reports.
It is worth mentioning that Bahrain Bourse issued a resolution regarding amending the listing requirements of the listed shareholding companies on the Main Board in Bahrain Bourse, which includes registering and depositing the issued shares in the Clearing, Settlement, Central Depository & Registry system in the Bourse, and requires that the establishment and management of the shareholders’ record in the company is in line with the electronic registry system licensed by the Central Bank of Bahrain.
The total number of companies Bahrain Bourse was assigned as a share Registrar for is 4 listed companies and they are United Gulf Bank, ABC Bank, Delmon Poultry and Al Baraka Banking Group.
