MANAMA: Bahrain Clear has become custodian for all clearing and depository activities of Seef Properties shares, following the signing of a share registry agreement.
The agreement was signed by Seef Properties chief executive Ahmed Yusuf and Bahrain Bourse CEO and Bahrain Clear managing director Shaikh Khalifa bin Ibrahim Al Khalifa.
“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,” said Mr 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.
Established in July last year, Bahrain Clear is a fully owned subsidiary of Bahrain Bourse and has taken over 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.