Bahrain Clear representative elected as President of AMEDA

Manama, July 19 (BNA): Bahrain Clear announced the election of its Senior Director of Operations, Mr. Abdulla Abdin, as President of the Africa and Middle East Depositories Association (AMEDA) following the retirement of Mr. Mohamed Abdulsalam. Mr. KhaldounAl-Tabtabaie,CEO of Kuwait Clearing Company, was elected as Vice Presidentduring the Association’s Global meeting that was held virtually. On this occasion, Mr. Abdulla Abdin, Senior Director of Operations said, “The election reflects the progressive steps undertaken by Bahrain Clear in the development of its central depository and post-trade services.Its active participation in regional and international associations re-assures confidence to all stakeholders in the capital markets sector in general and the Central Depository and post-trade services in particular.” “Bahrain Clear, since its establishment in 2017,has been continuously working to develop its infrastructure in order to offer enhanced services that will in return support the competitiveness of the capital markets sector in the Kingdom of Bahrain,” Abdulla Abdin added. AMEDA was established on April 27, 2005. AMEDA is a non-profit organization comprised of Central Securities Depositories and Clearing Houses in Africa and the Middle East. The Africa & Middle East Depositories Association is formed for the benefit of its Member community, as an elective, inter-professional and regional facility to foster a spirit of cooperation, reciprocity and harmony among members, to achieve those objectives it determines from time to time.AMEDA includes 30 members comprising of Central Securities Depositories and Clearing Houses across Africa and the Middle East.