BAHRAIN: Bahrain Clear Announces the Launch of Bahrain Private Market

Thursday August 25 2022

On 18^th August 2022, Bahrain Clear (BHC) announced the launch of Bahrain Private Market to commence providing the services of Bahrain Private Market to shareholding closed companies. The Bahrain Private Market is a new comprehensive platform for closed shareholding companies that aims to provide a full suite of bespoke share registrar services in a secure and electronic format in accordance with issued Decree No. (09) of 2022 in relation to commercial registration services published in the Official Gazette No. (3594).

The platform will enable closed shareholding companies to access, connect, manage and execute their transactions in an efficient and effective manner. The shares will be held in safe custody by Bahrain Clear to ensure the safe keeping and visibility to the company’s shareholders.

Bahrain Private Market will offer a range of services for closed shareholding companies with a total annual fee of BD 500 which includes change of partners (trading between existing shareholders), authorized signatories, directors, and company type and mergers.

The platform can be accessed by visiting Bahrain Private Market page on Bahrain Bourse’s website: https://www.bahrainbourse.com/bahrain-private-market

Click on the above link for further information