The shares will be held in a position through Bahrain Clear to ensure the safety and visibility of the company’s shareholders.
Bahrain Clear (BHC) announced on August 1, 2022 the launch of Bahrain Private Market, a new comprehensive platform for personal equity corporations that aims to provide a complete diversity of customized percentage registration facilities in a secure and electronic format in accordance with Law No. (09) of 2022 on ad registration facilities published in official journal No. (3594). Facilities will be provided through Bahrain Clear from 18 August 2022. The percentages will be held in one position through Bahrain Clear to ensure the safety and visibility of the company’s shareholders. The platform will enable companies with closed shareholdings to access, connect, manage and execute their transactions appropriately and efficiently.
Bahrain’s private market will offer a platform that will provide a full range of tailor-made services for personal equity companies. These new features will make it possible to respond to unmet market demand and provide a more transparent and effective offer for personally. public limited companies and, subsequently, the respective shareholders.
Bahrain’s personal market will offer a diversity of facilities to personal equity corporations with a total annual payment of BD 500 that includes the change of partners (exchanges between existing shareholders), firms, directors, type of company and mergers. In addition, corporations with closed shareholding would possibly move ownership of the business, increase or decrease capital, carry out pledge and disengagement operations, releases and judicial custody. options, auctions, electronic voting and consolidated facilities.
Shaikh Khalifa Bin Ebrahim Al Khalifa, Managing Director of the Bahrain Stock Exchange and Vice President and Managing Director of Bahrain Clear, said: “Today’s announcement underscores our optimism about developments in personal market places. At Bahrain Clear, we use our expertise to increase the expansion of personal Marketplaceplace Infrastructure and foster innovation. The launch of Bahrain’s personal Marketplaceplaceplace will provide a more transparent and effective offering to personal equity companies, providing exclusive opportunities in the secondary marketplaceplaceplace of private companies.
“The platform will serve as a one-stop shop for private companies, which aim to provide a diversity of customized solutions, as well as greater flexibility with the ability to exchange shares among existing shareholders. The launch of Bahrain Private Market aims to capitalize on Bahrain Clear’s technology-driven operational power to further expand and surround public and private corporations.
Joining Bahrain’s private market aims to prepare personal justice firms to begin their adventure in public capital markets and disclose them to the global stock market ecosystem,” Khalifa added.
Bahrain Clear is a wholly owned subsidiary of the Bahrain Stock Exchange with a registered capital of five million Bahrain dinars and a paid-up capital of 1 million Bahrain dinars. Bahrain Clear is authorized through the Central Bank of Bahrain as a “central clearing and deposit space” to provide post-trading to investors. Bahrain Clear’s service delivery includes similar deposits, clearing, settlement, central registration and registration of securities transactionsArray
For more information on what is presented through Bahrain Clear in relation to Bahrain’s personal market, interested parties may contact Bahrain Clear at: 17108841 or by email: personalmarket@bahrainclear. com
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About the Bahrain Stock Exchange
The Bahrain Stock Exchange is a self-regulated multi-asset market operator established since 1987. The Bahrain Stock Exchange aims to offer its investors, issuers and intermediaries a full suite of exchange-related services, adding listing, trading, agreement and deposit services for monetary instruments. Our purpose is to be offering our stakeholders the most productive investment and trading solutions, and combining them with artistic concepts and problem-solving skills to provide our investors, issuers and intermediaries with valuable resources to meet all their expectations. Our great pillars of expansion underpin the way we do business and the way we interact with our stakeholders: origin, innovation, collaboration and pioneering spirit, and all together, this is what allows us to be offering you an “investment oasis”. opportunities. “
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