Bahrain Clear requests shareholders to update KYC
Bahrain Clear yesterday requested shareholders of all listed companies to update their Know Your Customer (KYC) information in compliance with the Resolution No. (5) of the year 2015. As of now, 79.57 per cent of shareholders, representing 28,208,869,078 shares of the listed companies on Bahrain Bourse, have been transferred to the Electronic Registry and deposited in Bahrain Clear’s Central Depository System.
The total number of shareholders carrying physical certificates lacking updated Know Your Customer (KYC) information even after implementing the Electronic Registry reached 90,000 shares owned by 82,889 shareholders owning around 7.24 billion shares with a market cap of BD 1.52 billion in comparison to the total market capitalization, which is BD 9.22 billion.
Updating personal KYC information, Bahrain Clear said, will facilitate distribution of past unclaimed dividends withheld by the listed companies. Shareholders can update their information by communicating with Bahrain Clear and submitting shares certificates to Bahrain Clear reception desk at Bahrain Bourse – Trading Floor during working hours from Sunday to Thursday from 8:00 am to 1:30 pm or via email: email@example.com or via the hotline: 17108833.