Bahrain Clear (BHB) announced that it has successfully distributed the cash dividend distribution for the year ended 31st December 2020, with BD 121.82 million of dividends for 23 listed securities (with declared dividends for the year ended 31st December 2020) to the entitled investors with updated IBAN details at Bahrain Clear representing 82% of overall dividends declaration.

Bahrain Clear managed the distribution process on behalf of 23 listed securities that declared dividends for the year ended 31st December 2020 on Bahrain Bourse and all investors received their dividends via IBAN bank transfers. In accordance with Ministerial Cabinet Resolution No. 2020/48-2, Bahrain Bourse established the ‘Amanat’ Investor Protection Funds Program to ensure investor protection and management and administration of cash dividend distribution for all listed companies. Since the inception of ‘Amanat’, the cash dividend distribution increased from an average of 50% for the year ended 31st December 2019 compared to 82% for the financial year the year ended 31st December 2020, an increase of 32%.  

On this occasion, Vice Chairman and Managing Director of Bahrain Clear, Sh. Khalifa bin Ebrahim Al Khalifa, commented: “Bahrain Clear strives to continuously provide value-added services to investors including a fully-fledged digitization plans to automate processes. This comes as part of Bahrain Clear’s strategy to enhance its services and better serve investors. The IBAN cash dividends transfer is part of our portfolio of digital services which we have previously rolled out including eIPO and electronic AGM services.”

“As a licensed exchange, it is our legal and fiduciary responsibility towards our investors to ensure prompt and timely distribution of cash dividends. It is part of our strategy, and forms an integral part of our DNA. Hence, Bahrain Clear has been actively reaching out to investors via various platform to ensure updating their KYC information and IBAN details.” added Sh. Khalifa.

It is worth mentioning that Bahrain Clear is a fully owned subsidiary of Bahrain Bourse with a disclosed capital of BD 5 million, and a paid up capital of BD 1 million. Bahrain Clear is licensed as a clearing house by the Central Bank of Bahrain, offering pre and post-trade services to investors as well as a range of services including transactions depository, clearing, settlement, central registry and registration.

For further inquiries on cash dividend distributions, investors can contact Bahrain Clear on: 17108786 or email: edividend@bahrainclear.com 

-Ends-

About Bahrain Bourse

Bahrain Bourse is a self-regulated multi-asset marketplace operator established since 1987. Bahrain Bourse aims to offer to its investors, issuers, and intermediaries a comprehensive suite of exchange-related facilities including offering listing, trading, settlement, and depositary services for various financial instruments. We aim to offer our stakeholders with the best investment and trading solutions, and pair it with creative insights and problem solving skills to provide our investors, issuers, and intermediaries with valuable resources to meet their every expectation. Our key growth pillars underpins our way of conducting business and how we interact with our stakeholders: Origination, Innovation, Collaboration, and Pioneering Spirit, and all of them working together is what enables us to offer you with an "Oasis of Investment Opportunities”. 

For general inquiries, please contact:
Bahrain Financial Harbor
Harbor Gate, Level 4
P.O. Box 3203
Manama, Kingdom of Bahrain
Tel: (+973) 17261260
Fax: (+973) 17213061
info@bahrainbourse.com
www.bahrainbourse.com 

For media inquiries, please contact:
Marketing & Business Development
Office: (+973) 17 108780
e-Mail: mbsd.info@bahrainbourse.com 

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