Bahrain Bourse Issues a Resolution to Amend the Annual Subscription Fees for Companies Under Suspension

Bahrain Bourse Issues a Resolution to Amend the Annual Subscription Fees for Companies Under Suspension

The Chairman of Bahrain Bourse Mr. Yusuf Humood issued Resolution No. (1) for 2014 to amend the annual subscription fees in accordance to the article No. (2) of the Chairman’s resolution No. (9) for 2011. The new resolution stated that the listed Bahraini public shareholding companies suspended from trading for a period not exceeding two continuous years will be charged only 50% of the annual subscription fees, while the listed companies suspended from trading for a period exceeding two continuous years will be charged only 50% of the prescribed subscription fees on the first two years, and 10% of the prescribed subscription fees after the two years.

The resolution will be effective as of 1 January 2015 on all suspended listed companies for more than one year by calculating only 50% of the prescribed subscription fees irrespective of the previous period of suspension.

The implementation of the amended fees will be effective in accordance to the Bourse’s financial year, starting in January and ending on 31 December of the same year, irrespective of the additional fractions of the year. 

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