Manama I 12 May 2022
AlBaraka Banking Group B.S.C. (the "Company") hereby announces that, further to the announcements made by the Dubai Financial Services Authority (the “DFSA”) and Nasdaq Dubai confirming respectively the removal of the Company’s shares (the “Shares”) from the Official List of Securities and the removal of the Shares from trading on Nasdaq Dubai (together, the “De-listing”) with effect from 12 May 2022 at 5:00 p.m. (the “Effective Date”), the Company confirms the De-listing with effect from the Effective Date.
Effect
From the Effective Date, the Shares are 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.
Effect
From the Effective Date, the Shares are 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.