Foreign Companies
Companies interested in listing their shares on the Bahrain Stock Exchange are required
to comply with the following conditions, subject to Resolution No. 6/1996:
The applicant company shall either be a public shareholding company, duly listed on
the stock exchange in the country of incorporation, or a closed company which has
been established for at least three years prior to the date of application.
The paid-up capital of the company must not be less than USD $10,000,000.
The company should have maintained net profits from its principal activities for the last
3 years proceeding the listing application.
No restrictions on the transfer of the company's share ownership between the
investors are imposed by the company's Articles of Association, or by the laws of the
country of its incorporation.
The company's financial position must be sound.
The number of shareholders in the company should not be less than 100.
The company should issue and publish audited annual financial statements and un-
audited (reviewed) semi-annual financial statements.
The company should assign a representative office in Bahrain to undertake the transfer
of share ownership, distribution of dividends, financial reports and other related issues,
as and when required.
The company must comply with the Listing Agreement signed with the Exchange.
The company should submit the listing application with the following documents:
The required listing information duly signed, dated and stamped.
Audited financial statements for the last three years (balance sheet, profit and loss
accounts).
Copy of the company's Memorandum and Articles of Association and any
amendments thereto.
A specimen of the shares certificate and transfer documents, if applicable.
Names and specimen signatures of the persons authorized to act on behalf of the
company.
A certificate confirming the listing of the company on the stock exchange of the
country of incorporation, and the Exchange's written approval for listing the company's
shares on the Bahrain Stock Exchange.
The company's Commercial Registration Certificate.
Copy of the Board of Directors' resolution, authorizing the listing of the company on
the Exchange.
Foreign banks and foreign investment companies wishing to list on the Bahrain Stock
Exchange must comply with the following additional requirements:
Obtain authorization from the Bahrain Monetary Agency (BMA) to list the company's
shares on the Exchange.
Submit a copy of the BMA's approval to the Exchange with the listing application and
the accompanying documents.
Upon the approval of the application, the company should undertake the following:
Complete all the BSE's final administrative and listing procedures.
Sign the listing agreement with the Exchange.
Pay the listing and annual subscription fees.
(Companies falling under the supervision of the BMA, may contact the office of the
Director, Banking Supervision at the BMA on Tel.(+973) 547449, for instructions on
obtaining the BMA's approval to list the company's shares on the Exchange.)
Source: http://www.bahrainstock.com