BAHRAIN: Transfer of Shares to Electronic Registry

Tuesday October 18 2016

On 9th October 2016, Bahrain Bourse (BHB) announced that 92% of the listed shareholding companies at the Exchange had transferred their shares to the electronic registry and deposited them in the Clearing, Settlement, Central Depository & Registry system of the Exchange.

It is anticipated tglohat the transfer to the electronic registry will improve access to the Bourse for integration and interconnection with the GCC and global exchanges, and contribute to offering more opportunities to citizens to invest in Bahraini Companies.

In a resolution issued in November 2015 all listed shareholding companies on the Exchange were required to take necessary action 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 Exchange, 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 Exchange.

Click on the link above for further details.