عربي English
HomeAbout UsMembersStatisticsPublicationsNewsEventsGalleryContact UsMembers Area
ADI 5098.115 (AED)  0.74% | AMGNRLX 1980.49 (JOD)  -0.17% | BAX 1160.94 (BHD)  1.35% | BLSI 1207.903 (USD)  0.06% | MASI 10564.6172 (MAD)  -0.15% | DFMGI 3274.06 (AED)  -0.15% | EGX30 10688.16 (EGP)  4.52% | ISX 72.01 (IQD)  0% | KWSE 5275.04 (KWD)  -0.18% | MSI 6317.66 (OMR)  -0.55% | PLE 483.41 (JOD)  -0.01% | QE 12282.17 (QAR)  -0.42% | TASI 9717.9 (SAR)  -0.65% | TUNINDEX 5585.19 (TND)  0.45% | SPAFEUP 64.11 (USD)  -0.02%
Source: Thomson Reuters.   Last updated on Feb 23, 2019 at 02:07AM (UTC).   Delayed by at least 15 minutes.
Bahrain Bourse Adopts the Real Estate Investment Trust (REIT) Listing Rules
Apr 27, 2015
The Chairman of Bahrain Bourse (BHB), Mr. Yusuf Abdulla Humood issued on Sunday, 26th April 2015 Resolution No. (2) in respect of adopting the Real Estate Investment Trust (REIT) Listing Rules at Bahrain Bourse as of Sunday, 17th May 2015. 

The rules, published on BHB’s website include the pre-requisites that the REIT has to satisfy in order to be admitted for listing on the Bourse and ensure that they meet the Central Bank of Bahrain’s requirement pursuant to the Financial Trust Law No. (23) of the Year 2006 and Volume 7 of the CBB Rulebook and the rules issued by Bahrain Bourse on REITs. 

The rules stipulate the listing requirements that the REIT should comply with at the time of making an application for listing, such as ensuring that the REIT has a minimum asset value of US$20 million or its equivalent in another currency. The rules also state that the REIT or share registrar appointed by the trust shall maintain a register of Unit Holders. 

In addition, the rules specify the ongoing obligations that the REIT has to comply with following its listing at BHB including the Directives, circulars, instructions as may be issued by BHB from time to time on the subject of REITs, as well as any disclosures of any information related to the REIT. The rules also stipulate that the REIT shall take all reasonable care to ensure that the sale, issue, repurchase effected by a REIT are carried out in accordance with the provisions of the Prospectus and the REIT Listing Rules as well as Volume 7 of the CBB Rulebook and the rules issued by Bahrain Bourse. 

The rules stipulate that the REIT shall ensure that investor reports published shall be made available on BHB’s website and in accordance with the disclosure requirements prescribed by the CBB and Bahrain Bourse on REITs. 

It is worth mentioning that the Real Estate Investment Trust (REIT) Listing Rules are applicable on both Shari’a compliant REITs as well as conventional REITs, and both individual and institutional investors are allowed to list and trade REITs.

20130412-Chairman.jpg