Al Baraka signs deal with bourse

02/06/2016 07:11 AST

An agreement was signed between Bahrain Bourse (BHB) and Al Baraka Banking Group (ABG) to assign Bahrain Bourse as share registrar for the company.

The agreement was signed by Bahrain Bourse chief executive Shaikh Khalifa bin Ebrahim Al Khalifa and Al Baraka Banking Group president and chief executive Adnan Ahmed Yousif.

According to the agreement, Bahrain Bourse will provide ABG with a variety of services that include 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 BHB.

In addition, the bourse will provide ABG 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.


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