Bahrain Clear distributes a total of BD 204 Million under the ‘Amanat’ program

Bahrain Clear distributes a total of BD 204 Million under the ‘Amanat’ program

Bahrain Clear announced that it has successfully distributed the cash dividend distribution for the year ended 31 December 2020 including interim dividends, with BD 204 million of dividends (of which BD 200 million in relation to annual cash dividends, and BD 4 million in relation to accumulated cash dividends). Under the ‘Amanat’ program, two independent funds were established: ‘Accumulated Cash Dividends Fund’ (unclaimed for a period of 6 months), and the ‘Annual Cash Dividends Fund’. The total amount of ‘Accumulated Cash Dividends Fund’ transferred by listed companies (39 companies) to Bahrain Clear amounted to BD 37 million, of which BD 4 million have been transferred to 1,937 entitled shareholders as of October 2021 representing 10.81% of the total amount received. As for the ‘Annual Cash Dividends Fund’, the dividend amount distributed amounted to BD 200 million, representing 96% of overall dividends declaration. Since the inception of ‘Amanat’, the cash dividend distribution increased from an average of 82% as of July 2021 to 96% as of November 2021. Bahrain Clear managed the distribution process on behalf of 26 listed securities whom have declared dividends for the year ended 31 December 2020 including interim dividends on Bahrain Bourse and all investors received