Bahrain Bourse seals Batelco partnership
Manama, December 30, 2012
Bahrain Bourse has become a share registrar for the Kingdom's leading telecom services operator Batelco as the stock exchange continues to prove an investment indicator to the country.
The bourse will provide Batelco with a variety of services including maintaining a record that holds shares in electronic form, updating data of the registry resulting from dealing in the company's shares, said a report in the Gulf daily News, our sister publication.
Online services including real-time shareholding confirmation with percentage of investors' holdings, key persons' dealings, investors' account statements, and other periodical reports will also be provided.
"The bourse will continue providing listed companies with more services and facilities that enable them to monitor dealings in their securities as well as the updates on its register, using the latest technology in this field," said Bahrain Bourse director Fouad Rashid.
"Batelco will receive professional and quality services from the bourse, in accordance with international standards, to increase the capital market sector's competiveness in general and the bourse in particular to attract more investments to support the national economy of Bahrain."
Maintaining high standards with regard to all shareholder dealings was critical to business integrity and maintaining investors' trust, said Batelco Group chief executive Shaikh Mohamed bin Isa Al Khalifa.
Batelco joins the list of listed companies including Alba, Khaleeji Commercial Bank, Takaful International and United Paper Industries for which, the bourse serves as a share registrar.-TradeArabia News Service