BHBNewsLetter Dec2018

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Issue 18 - DECEMBER 2018
BAHRAIN CLEAR HOLDS AWARENESS SESSION
BAHRAIN CLEAR LAUNCHES eIPO PLATFORM IN CONJUNCTION WITH
THE IPO OF APM TERMINALS BAHRAIN
Bahrain Clear, a wholly-owned
subsidiary of Bahrain Bourse,
held its first awareness session at
Bahrain Bourse’s premises
on Monday, 10 th December
2018. The session was attended
by more than 40 representatives
f r om l i s t e d c omp a n i e s .
The session included a detailed
presentation conducted by Mr.
Abdulla Abdin, Bahrain Clear’s
Senior Director of Operations.
The presentation began with an
introduction on the establishment
of Bahrain Clear and its core
functions, and key value offer-
ings of Bahrain Clear covering
pre - I PO and p o s t t r ad e
services that is currently being
offered to issuers. The session
was concluded with Bahrain
Clear’s future outlook includ-
ing key services to be launched
and an open discussion address-
ing questions from the attendees
followed by a networking session.
It is worth noting that Bahrain
Clear was inaugurated in July
2017 with a disclosed capital of 5
million Dinars, and a paid up
capital of 1 million Dinars, licensed
by the Central Bank of Bahrain
as a clearing company providing
post trading services to investors.
Bahrain Clear offers a range
of services including services
of transactions depositor y,
clearing, settlement, central
reg ist r y and reg ist r at ion.
electronically and payment was
available through Fawri/Fawri+
instantaneously. The portal was
available 24/7 for registration
during the subscription period.
The IPO and trading was open
to all nationalities without any
restriction, including both retail
and corporate investors, and as
per the relevant terms and condi-
tions outlined in the prospectus.
In addition to the eIPO
subscription portal, physical
IPO application forms were
available at Bahrain Bourse
offices, APMT offices, as well as
approved branches of Ahli United
Bank B.S.C. (AUB). Furthermore,
clients of the brokerage units
of any of SICO BSC(c), AUB,
Global Investment House BSC or
BBK BSC were also able to apply
for shares through their brokers.
developed the eIPO portal to
provide an efficient and easy
mechanism for submission
of app l i c at i on s f or I PO
subscriptions. Through the eIPO
portal, applications for subscription
of shares we re av ai l abl e
Bahrain Bourse announced on
4th November that the APM
Terminals Bahrain (“APMT”)
IPO will be open for subscription
through a newly developed eIPO
(electronic IPO) portal, developed
by Bahrain Clear (a wholly-owned
subsidiary of Bahrain Bourse).
The APMT IPO subscrip-
tion period which was open
for 17 calendar days allowed
potential investors to submit their
applications online through the
eIPO portal. Bahrain Clear has