BHB NewsLetter Dec 2016

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Issue 10 - December 2016
Bahrain Bourse announced on
Monday, 7th November 2016 that
all listed companies at the Bourse
have transferred their shares to
the electronic registry and depos-
ited them in the Bourse’s Cen-
tral Depository System. This step
came within the procedures that
were taken by companies in the
past couple of months to amend
their status to comply with Reso-
lution No. (5) that has been issued
by the Chairman of the Bourse in
respect of amending the listing re-
quirements of companies at BHB.
Chief Executive Officer of Bah-
rain Bourse Shaikh Khalifa Bin
Ebrahim Al-Khalifa expressed his
delightedness of this achievement,
which is considered as one of the
key initiatives of the strategic plan
adopted by the Bourse to develop
the capital market in general and
the Bourse in particular, aiming
at enhancing investors’ protection
that is one of the main objectives
that BHB considers in all its ini-
tiatives. He also said that deposit-
ing all the shares will improve the
quality of services BHB provides
to shareholders. It will also open
up the door wide to the Bourse
for integration and interconnec-
tion with the GCC and global
exchanges, and will contribute to
offering more opportunities to
the citizens to invest in the Bah-
raini Shareholding Companies.
Shaikh Khalifa also encouraged
all investors to deposit their certif-
icates as soon as possible in order
to enjoy the benefits provided to
the shareholders such as keeping
the ownership records safe from
loss and damage, and many other
services. He also said that depos-
iting shares will make it easier for
Bahrain Bourse to communicate
with the shareholders to inform
them about their portfolio move-
ments and to update themwith the
reports on their portfolios, bonus
shares, as well as their rights and
obligations towards their shares.
The Bourse’s Chief Executive
Officer said that the Bourse is
committed to undertaking all
the procedures and steps to en-
hance the competitiveness of the
Capital Markets Sector in gener-
al and the Bourse in particular
with the aim of attracting more
investments to this vibrant mar-
ket in a way that will increase its
contribution to the total GDP.
It is worth mentioning that the
Chairman of the Bourse issued in
November 2015 Resolution No.
(5) that requires all listed share-
holding companies on the Bourse
to take the necessary procedures
to amend their status in line with
the amendments stated in the res-
olution, which includes registering
and depositing the issued shares
in the Clearing, Settlement, Cen-
tral Depository & Registry System
in the Bourse, provided that the
establishment and management
of the shareholders’ record in the
company is in line with the elec-
tronic registry system licensed
by the Central Bank of Bahrain
and approved by the Bourse.
MARKING AN ACHIEVEMENT IN THE HISTORY OF THE CAPITAL MARKET
LISTED COMPANIES AT THE BOURSE TRANSFER THEIR SHARES
TO THE ELECTRONIC REGISTRY