Seef Properties, Bahrain Clear sign share registry agreement
MANAMA, January 8, 2018
Seef Properties, a leading real estate development company in Bahrain, announced that it has signed a share registry agreement with Bahrain Clear at the Bahrain Bourse in Bahrain Financial Harbour.
The agreement was signed by the Seef Properties chief executive officer Ahmed Yusuf and Bahrain Bourse chief executive officer and managing director of Bahrain Clear Shaikh Khalifa bin Ebrahim Al Khalifa, in the presence of officials from both companies.
Bahrain Clear has been assigned as a share registrar of Seef Properties and will act as custodian for all clearing and depository activities, a statement said.
“Bahrain Clear will provide Seef Properties with a variety of services that includes maintaining a record of the share register that holds the shares in electronic form, and updating the data of the registry resulted from dealing on the company’s shares in accordance with the rules and regulations of Bahrain Clear and Bahrain Bourse, said Yusuf.
“Additionally, Bahrain Clear will provide Seef Properties with online services that include real-time shareholding confirmations with the percentage of investors’ holdings’ dealings, investors’ account statements, and other periodical reports,” he added.
Bahrain Clear is a fully owned subsidiary of Bahrain Bourse established in July 2017, which undertakes a range of activities related to Bahrain Bourse, including custodian activities and provision of all advisory and technical services in the field of depository, clearing and settlement. – TradeArabia News Service
