BAHRAIN: Listed Companies on Bahrain Bourse Transfer Shares to Electronic Registry

Friday November 11 2016

News Source: Global Exchanges

Focus: Takeover and Acquisition

Type: General

Country: Bahrain

Link: http://www.bahrainbourse.com/marking-an-achievement-in-the-history-of-the-capital-market-listed-companies-at-the-bourse-transfer-their-shares-to-the-electronic-registry

Bahrain Bourse announced on Monday, 7th November 2016 that all listed companies at the Bourse have transferred their shares to the electronic registry and deposited them in the Bourse`s Central Depository System.

In November 2016, the Bourse issued Resolution No. (5) which requires that all listed shareholding companies on the Bourse take the necessary procedures to amend their status in line with the amendments stated in the resolution, which includes registering and depositing the issued shares in the Clearing, Settlement, Central Depository & Registry System in the Bourse, provided 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 and approved by the Bourse.

Click on the link above for further details.