Bahrain Clear director elected as AMEDA president

TDT | Manama

Bahrain Clear announced yesterday the election of its operations senior director Abdulla Abdin as Africa and Middle East Depositories Association (AMEDA) president, following the retirement of Mohamed Abdulsalam. Kuwait Clearing Company CEO Khaldoun Al Tabtabaie was elected as vice-president during the association’s global meeting, which was held virtually.

On this occasion, Abdin commented: “The election reflects the progressive steps undertaken by Bahrain Clear in the development of its central depository and post-trade services. “Its active participation in regional and international associations re-assures confidence to all stakeholders in the capital markets sector in general and the central depository and posttrade services in particular.”

AMEDA, established in 2005, is a non-profit organisation comprised of 30 central securities depositories and clearing houses across Africa and the Middle East. It was formed for the benefit of its member community, as an elective, inter-professional and regional facility, to foster a spirit of cooperation, reciprocity and harmony among members.