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Issue 19 - MARCH 2019
www.bahrainbourse.comBAHRAIN CLEAR CALLS FOR THE REGISTRATION OF PLEDGED SECURITIES
AHLI UNITED BANK SILVER SPONSOR OF BAHRAIN BOURSE’S 2
nd
EDITION OF THE “SMART INVESTOR” PROGRAM
Bahrain Clear (a wholly-owned
subsidiary of Bahrain Bourse)
announced that all parties
involved in pledged securities are
required to register the pledges at
Bahrain Clear based on Resolution
(59/2011) and its amendments
issued by the Governor of the
Central Bank of Bahrain with
respect of “Specifying the
Procedures to be followed for
Registrations of Pledges and
Liens on Securities and the
discharging and Lifting of such
Pledges and Liens” published
in the Official Gazette Issue
3032 dated 29 December 2011.
According to the Resolution, all
companies and institutions that
provide its services in the capital
markets sector, including banks
that maintain securities issued by
public shareholding companies
as a guarantee to its loans and
banking services or any other
parties related to securities
mo r t g a g e a g r e eme nt a r e
required to undertake all
necessary steps to ensure its
adherence to the requirements of
the Resolution and Regulations
in general, and to coordinate
with Bahrain Clear to register all
pending securities pledges
i n o r d e r t o a b i d e b y
reg ist r at ion requirements.
following concepts: Thinking,
Specifying, Planning, Execution,
S av i ng , Prog re s s i on , and
Evaluation. The program’s next
edition is expected to kick-off
during the academic year
2 0 1 9 / 2 0 2 0 w i t h p l ann e d
activities targeting the public
scheduled for the summer period.
grade school students. The
program aims at equipping young
students with basic concepts
related to money management,
savings and smar t finan-
c i a l p l a n n i n g t h r o u g h
interactive edutainment activ-
ities in order to assist them in
making sound financial decisions.
The Prog r am consists of
seven-themed sessions designed
to equip students with the
Bahrain Bourse has announced
Ahli United Bank, the leading
region bank, as a silver sponsor for
the “Smart Investor” Program in its
2nd edition for the academic year
2019/2020. The Smart Investor
program is a national awareness
program organised in collaboration
with INJAZ Bahrain, and aims
at promoting financial and
investment literacy among
elementary school students
i n B a h r a i n . To f o r ma l l y
announce the sponsorship, Mrs.
Narjes Jamal, Chief Operat-
ing Officer of Bahrain Bourse,
received Mr. David O’Loan,
Deputy Group CEO, Treasury &
Investments of AUB, along with
officials from both organisations.
The Smart Investor program is
a national awareness program
launched in 2018 in collaboration
with INJAZ Bahrain targeting