5 companies have so far assigned BHB as registrar

Manama: The Bahrain Bourse (BHB) yesterday announced that it has signed an agreement with  Gulf Hotel Group (GHG) to assign Bahrain Bourse as a Share Registrar for the shares of the company. 

The agreement was signed by the Chief Executive Officer of Bahrain Bourse, Shaikh Khalifa bin Ebrahim Al Khalifa, and  Aqeel Raees, the Chief Executive Officer and Director of Gulf Hotel Group.

According to the agreement, Bahrain Bourse will provide GHG with a variety of services that includes maintaining a record of the share register that holds the shares in electronic form, and updating the data of the registry resulted from dealing on the company’s shares in accordance with the rules and regulations of Bahrain Bourse. 

In addition, the bourse will provide GHG with online services that include real-time shareholding confirmations with the percentage of investors’ holdings, key persons’ dealings, investors’ account statements, and other periodical reports. 

It is worth mentioning that Bahrain Bourse issued a resolution regarding amending the listing requirements of the listed shareholding companies on the Main Board in Bahrain Bourse. The rule requires  registering and depositing the issued shares in the Clearing, Settlement, Central Depository & Registry system in the Bourse, and that the establishment and management of the shareholders’ record should be in line with the electronic registry system licensed by the Central Bank of
Bahrain.

The total number of companies Bahrain Bourse was assigned as a share Registrar for is 5 listed companies and they are United Gulf Bank, ABC Bank, Delmon Poultry, Al Baraka Banking Group and Gulf Hotel Group.