Latest news with #AbdullaAbdin
Zawya
06-03-2025
- Business
- Zawya
Bahrain Bourse and Bahrain Clear Participate in the HSBC MENAT Future Forum 2025
As part of Bahrain Bourse's ongoing efforts to expand its international investor outreach and strengthen connections with global fund and asset managers, Bahrain Bourse and Bahrain Clear participated in the HSBC MENAT Future Forum 2025, held recently in Dubai, UAE. The forum served as a platform for Bahrain Bourse and Bahrain Clear to showcase key regulatory and market developments to regional and international investors. Discussions at the HSBC MENAT Future Forum 2025 explored evolving market trends, digital transformation, regulatory frameworks, and securities market infrastructure in the MENAT region. During the forum, Mr. Abdulla Abdin, Chief Operating Officer of Bahrain Clear, took part in a panel discussion titled 'Innovation and Transformation - The Growth Phase of MENA Capital Markets.' He highlighted recent regulatory advancements, including the "Technical (Uncovered) Short Selling" framework, the implementation of a new Delivery Versus Payment (DVP) model, and other market developments. On the sidelines of the event, Bahrain Bourse and Bahrain Clear representatives engaged in one-on-one meetings with leading international fund and asset managers. These discussions provided insights into Bahrain's capital market regulations, emphasized key regulatory and market developments currently underway, and highlighted investment opportunities in listed companies. Shaikh Khalifa bin Ebrahim Al-Khalifa, Chief Executive Officer of Bahrain Bourse, commented: 'Bahrain Bourse's participation in the HSBC MENAT Future Forum 2025 underscores our commitment to fostering innovation and strengthening regional and international market linkages. By engaging with global investors, we aim to enhance Bahrain's position as a dynamic and transparent financial market, aligned with global best practices.' Joseph Ghorayeb, Chief Executive Officer of HSBC in Bahrain, stated: 'The HSBC MENAT Future Forum has become a key gathering for industry leaders, regulators, and investors seeking to navigate the evolving capital market landscape of the region. Bahrain Bourse and Bahrain Clear's continued engagement reflects their dedication to driving market development and fostering international investor confidence.' The forum welcomed key speakers from prominent institutions including Abu Dhabi Securities Exchange, AD Clear, AD CSD, Bahrain Bourse, Bahrain Clear, DCCD, Dubai Clear, Dubai CSD, Dubai Financial Market, Dubai Financial Services Authority, EDAA Qatar, Egypt Central Securities Depository, Kuwait Capital Markets Authority, Kuwait Clearing Company, Muscat Clearing & Depository Co (MCD), Muscat Stock Exchange, Nasdaq Dubai, Qatar Stock Exchange, Securities Clearing Center Company (Muqassa), Securities Depository Center Company, Saudi Exchange (Tadawul), Securities & Commodities Authority (UAE), and other distinguished entities. Throughout the event, attendees discussed critical financial sector developments, including market infrastructure advancements, securities borrowing and lending, and the impact of digitalization on financial markets.
Bahrain News Gazette
29-01-2025
- Business
- Bahrain News Gazette
Bahrain Clear Distributes BD 364.67 Million in Dividends Through ‘Amanat' Program
Manama: Bahrain Clear, a fully-owned subsidiary of Bahrain Bourse, announced the successful distribution of cash dividend distributions during the year 2024, amounting to BD 364.67 million. Of this amount, BD 360.75 million was distributed under the 'Annual Cash Dividends Fund' on behalf of 31 companies to 56,967 entitled shareholders, representing a 97.4% distribution of the total amount received. Additionally, BD 3.92 million was distributed during the year 2024 under the 'Accumulated Cash Dividends Fund' for unclaimed dividends from previous years. According to Bahrain News Agency, the 'Amanat' program established two independent funds: the 'Accumulated Cash Dividends Fund', which comprises unclaimed cash dividends not distributed to shareholders after six months from the dividend distribution date, and the 'Annual Cash Dividends Fund', which involves cash dividends set for distribution to entitled shareholders within six months from the distribution date. Bahrain Clear manages the distribution process for all listed companies, with 31 listed securities declaring dividends during the year 2024 for the financial year ended December 31, 2023. All investors received their dividends via IBAN bank transfers. In line with the Listing Rules, Bahrain Clear distributes declared dividends within a maximum of 10 market days from the Record Date, excluding the Record Date. Chief Operating Officer of Bahrain Clear, Mr. Abdulla Abdin, stated that they are pleased with the successful distribution of dividends to shareholders. Bahrain Clear has been responsible for distributing dividends since the establishment of the 'Amanat' Investor Protection Funds Program, demonstrating their commitment to updating shareholders' KYC to ensure timely receipt of dividends. In accordance with Ministerial Cabinet Resolution No. 2020/48-2, Bahrain Bourse established the 'Amanat' Investor Protection Funds Program to ensure investor protection and the management of cash dividend distributions for all listed companies. As per article (10) of Amanat Resolution 3/2020, the right to claim cash dividends due to shareholders is imprescriptible.
Zawya
29-01-2025
- Business
- Zawya
Bahrain Clear distributes dividends under Amanat
Bahrain Clear, a wholly-owned subsidiary of Bahrain Bourse, has distributed a total of BD364.67 million in dividends during 2024. This includes BD360.75m distributed under the Annual Cash Dividends Fund on behalf of 31 companies to 56,967 entitled shareholders, representing a 97.4 per cent distribution rate. Additionally, BD3.92m were distributed under the Accumulated Cash Dividends Fund for unclaimed dividends from previous years. Under the Amanat programme, two independent funds were established: the Accumulated Cash Dividends Fund for unclaimed dividends and the Annual Cash Dividends Fund for timely distribution. Bahrain Clear manages the distribution process for all listed companies, ensuring efficient and timely dividend payments to investors via IBAN bank transfers. Abdulla Abdin, chief operating officer of Bahrain Clear, expressed satisfaction with the successful dividend distribution. He emphasised the company's commitment to updating shareholder KYC information to ensure timely and accurate dividend payments. Established by Ministerial Cabinet Resolution number 2020/48-2, the Amanat Investor Protection Funds Programme aims to safeguard investor interests and streamline dividend distribution for all listed companies. The programme emphasises the imprescriptible right of shareholders to claim their dividends. Bahrain Clear urges all investors to update their KYC information and IBAN details with their respective brokers to ensure prompt and seamless receipt of their dividends. Copyright 2022 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
