Fri, 09 September 2022
Bahrain Clear (BHC) recently announced the launch of Bahrain Private Market, a new comprehensive platform for closed shareholding companies. The platform aims to provide a full suite of bespoke share registrar services in a secure and electronic format in accordance with issued Law No. (09) of 2022 in relation to commercial registration services published in the Official Gazette No. (3594).
Bahrain Private Market will offer a range of services for closed shareholding companies with a total annual fee of BHD500 which includes change of partners (trading between existing shareholders), authorised signatories, directors, and company type and mergers. In addition, closed shareholding companies can transfer company ownership, increase/decrease in capital, preform pledging and unpledging transactions, discharge and lifting, and judicial custodianship.
Bahrain Bourse’s Chief Executive Officer, and Vice Chairman and Managing Director of Bahrain Clear, Shaikh Khalifa Bin Ebrahim Al Khalifa said: “Joining Bahrain Private Market aims to prepare closed Shareholding companies to kick-start their journey towards public capital markets and expose them to the overall exchange ecosystem.”
Bahrain Clear is a fully owned subsidiary of Bahrain Bourse with a disclosed capital of BHD5 million, and a paid up capital of BHD1 million. Bahrain Clear is licensed by the Central Bank of Bahrain as a ‘Clearing House and Central Depository’ offering post-trade services to investors.