Al Baraka عربي

Announcements

Al Baraka Banking Group B.S.C. announces the suspension and delisting of its shares on Nasdaq Dubai
 
Al Baraka Banking Group B.S.C. (the "Company") hereby announces that, further to the resolutions passed at a meeting of the Company’s board of directors held on 23 February 2022 and the resolution passed at the Company’s annual general meeting held on 30 March 2022, the Company has received confirmation from the Dubai Financial Services Authority (the “DFSA”) in relation to the proposed removal of the Company’s shares (the “Shares”) from the Official List of Securities of the DFSA, which will be followed by the removal the Shares from trading on Nasdaq Dubai (together, the “De-listing”).
 
In order to achieve the De-listing, the Shares will be suspended from dealing and trading on Nasdaq Dubai with effect from 9 May 2022 with the last day of trading in the Shares being 6 May 2022.
 
Timing
 
The timing for the De-listing is:
 
6 May 2022                                                                Last day of trading and dealing in the Shares
 
8:00 am on 9 May 2022                                           Shares suspended from dealing and trading on Nasdaq Dubai
 
5:00 pm on 12 May 2022                                        Removal of the Shares from the Official List of Securities of the DFSA and removal of the Shares from trading on Nasdaq Dubai
 
Process
 
On 12 May 2022 the Shares will be removed from the Official List of Securities and from trading on Nasdaq Dubai, but will remain listed on Bahrain Bourse. Nasdaq Dubai will transfer the relevant shareholder’s shares to such shareholder’s trading account on the Bahrain Bourse, or if such shareholder is yet to open a trading account, its shares will be transferred to a non-trading account on the Bahrain Bourse, pending the opening of a trading account. The share transfer process will be completed even without involvement from the shareholders and will therefore not hold up the process for the De-listing or the removal of the shares form trading on Nasdaq Dubai.
 
Further announcements will be made by Nasdaq Dubai and the DFSA confirming the suspension of the Shares from trading on Nasdaq Dubai and the De-listing.


Unclaimed Dividends

Complying with Bahrain Bourse resolution no.  3/2020 , AlBaraka Banking Group B.S.C have transferred the unclaimed dividends which was not received by shareholders to Bahrain Clear / Bahrain Bourse who is going to transfer the dividends directly to the shareholders.
 
Shareholders are kindly requested to contact Bahrain Clear to collect their dividends:
 
Bahrain Clear
Bahrain Financial Harbor – 4th floor
+973 – 17108833
[email protected]
 
Shareholders are requested to provide the following requirements:
  1. Personal attendance (or through official notarized proxy)
  2. Original passport
  3. National ID
  4. Banking document proofing the IBAN number
Shareholders, whose residence is out of Bahrain, can appoint a licensed broker in Bahrain Bourse to clear their unclaimed dividends (www.bahrainbourse.com)
 
contact us:
 
Bahrain Bourse Al Baraka
Bahrain Clear
Bahrain Financial Harbor – 4th floor
+973 – 17108833
[email protected]
 
Mr. Ahmed AbdulGhaffar
First Vice President – Investors Relations
AlBaraka Banking Group B.S.C.
Tel: (+973) 17520701 / 17541122
Email : [email protected]
Online Investors Center  www.albaraka.com/IR
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