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Source: Thomson Reuters.   Last updated on Feb 23, 2019 at 02:11AM (UTC).   Delayed by at least 15 minutes.
Bahrain Clear Holds Awareness Session
Dec 10, 2018
Bahrain Clear, a wholly-owned subsidiary of Bahrain Bourse, held its first awareness session at Bahrain Bourse’s premises on Monday, 10th December 2018.  The session was attended by more than 40 representatives from listed companies.
 
The session included a detailed presentation conducted by Mr. Abdulla Abdin, Bahrain Clear’s Senior Director of Operations. The presentation began with an introduction on the establishment of Bahrain Clear and its core functions, and key value offerings of Bahrain Clear covering pre-IPO and post trade services that is currently being offered to issuers. The session was concluded with Bahrain Clear’s future outlook including key services to be launched and an open discussion addressing questions from the attendees followed by a networking session.
 
On this occasion, Mr. Abdulla Abdin said, “We are pleased to conduct an awareness session for the first time since our establishment. We aim to have an open channel of communication with all issuers in order to ensure they are up to date with the services being rolled out. Bahrain Clear was established with the objective of enhancing and diversifying post trade services and providing services that are in line with those applied in the advanced markets.”
 
It is worth noting that Bahrain Clear was inaugurated in July 2017 with a disclosed capital of 5 million Dinars, and a paid up capital of 1 million Dinars, licensed by the Central Bank of Bahrain as a clearing company providing post trading services to investors. Bahrain Clear offers a range of services including services of transactions depository, clearing, settlement, central registry and registration.

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