BHBNewsLetter June 2020

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Bahrain Bourse | P.O. Box: 3203 Manama - Kingdom of Bahrain | Phone: +973 17261260 | Fax: +973 17256362
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Bahrain Bourse Issues
Environmental, Social
and Governance (ESG)
Voluntary
Reporting Guideline
for Listed Companies
Bahrain Bourse in
Cooperation with
MEIRA Hold a
Webinar on the
Importance of
Investor
Communication
during COVID-19
FAB and Bahrain
Clear sign a
Depository Agent
(Custodian)
Agreement
Bahrain Bourse
Announces Top
Finalists for the 2019-
2020 TradeQuest
Program during a
Virtual Ceremony
PERIODICAL PUBLICATION ISSUED BY BAHRAIN BOURSE ISSUE 24 JUNE 2020
HIGHLIGHTS BAHRAIN BOURSE LAUNCHES MURABAHA SERVICE
BAHRAIN BOURSE ESTABLISHES ‘AMANAT’ INVESTOR
PROTECTION FUNDS PROGRAM
As part of Bahrain Bourse’s
(“BHB”) continuous efforts to
develop the Capital Market in
the Kingdom of Bahrain, and in
pursuance of Central Bank of
Bahrain Resolution No. (11) of
2018 for the implementation of
the Self-Regulatory Organization
(SRO), Ministerial Cabinet
Resolution No. 2020/48-2,
Bahrain Bourse establishes
‘Amanat’ Investor Protection
Funds Program to ensure
i nv e s t o r p r o t e c t i on a nd
management and administration
of cash dividend distribution
As part of Bahrain Bourse’s
(“BHB”) continuous efforts to
develop the Capital Market in
the Kingdom of Bahrain, and
in line with BHB’s strategic goal
of “Cultivating Capital Raising
for al l listed companies.
Under the ‘Amanat’ program, two
independent funds will be
established: ‘Accumulated Cash
Dividends Fund’ (unclaimed for
a period of 6 months), and the
‘Annu a l C a s h D i v i d e nd s
Fund’. The prog r am w i l l
b e e ff e c t i v e imme d i at e l y
in order to address the growing
rate of unclaimed dividends.
The program aims to ensure
adequate provision for the treatment
of unclaimed dividends. The funds
will be credited inter- alia with
amounts remaining unclaimed
in the dividend accounts of listed
companies up to 30th June 2020,
for distribution by Bahrain Clear
in accordance with the applicable
procedures and guidelines.
Applicable penalties shall be
imposed on non-compliance
of listed companies with the
new procedures. Unclaimed
dividends for the years prior to
the financial year 2019 has been
transferred to the ‘Accumulated
C a s h D i v i d e n d s F u n d ’.
( C on t i nu e d on p a g e 2 )
& Investment Opportunities”,
Bahrain Bourse has introduced
the Murabaha service for banks
and corporates. The service aims
to meet the growing needs of Inter-
bank, corporate and retail clients,
which supports Bahrain Bourse’s
efforts to expand and diversify
its provided services and cater to
various market segments through
a new and unique line of service.
( C on t i nu e d on p a g e 2 )