The Finance Ministry has finalised the legal and administrative procedures of registering Bahrain Bourse as a Bahraini shareholding closed company with an authorised capital of BD10 million ($26.5m) and paid-up capital of BD2m.
These steps were taken following the issuance of Decree Law No 60, 2010, which was published in the official gazette No 2980, issued on December 30, and according to the Commercial Companies Decree Law No 21 of 2001 and its executive regulations issued by Decree Law No 6 for 2002.
Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa clarified that the new company will be fully-owned by the Bahrain government and will be legally supervised and regulated by the Central Bank of Bahrain (CBB) according to the new CBB law stating that the central bank is the regulator for financial institutions.
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