Bahrain Bourse board approves BIM fees
Manama : The Bahrain Bourse (BHB) board approved the fees of Bahrain Investment Market (BIM), which will support the Kingdom’s efforts in helping SMEs and meeting the financing needs of the companies that do not meet the listing requirements in the main market.
This market is characterised by flexible listing requirements in terms of paid-up capital required and profitability, in which the minimum paid-up capital required is BD250,000. The listing application in BHB will be handled within 30 days.
This came during the BHB Board of Directors’ fifth meeting for this year on October 24. It was chaired by Bourse Chairman Yusuf Abdulla Humood.
The Board also approved amending the Disciplinary Board Charter. The Disciplinary Board is authorised and powered to decide on any violations to Bahrain Bourse law, Internal Regulation and resolutions, which regulate the Bourse as well as the Central Bank of Bahrain Law and Rules that relates to Bahrain Bourse. The Disciplinary Board will decide on any violation affecting the conduct of business and discipline in the bourse.
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