92pc companies shifted shares to eRegistry: BHB

Manama : Bahrain Bourse (BHB) announced yesterday that 92 per cent of the listed shareholding companies at the Bourse had transferred their shares to the electronic registry and deposited them in the Clearing, Settlement, Central Depository and Registry system of the Bourse.

The move follows a resolution issued by the Bourse in November 2015 requiring all listed companies to amend their status, which includes registering and depositing the issued shares in the Clearing, Settlement, Central Depository & Registry System in the Bourse.

The CEO of Bahrain Bourse, Shaikh Khalifa bin Ebrahim Al Khalifa said this would open up door to the Bourse for integration and interconnection with the GCC and global exchanges. This would also contribute in offering more opportunities to the citizens to invest in the Bahraini Shareholding Companies, he added.

The CEO also revealed that BHB intends to launch more electronic services via a specialized electronic platform on its website.