| Bahrain Stock Exchange |
Article Index for Bahrain |
Website Links For Bahrain |
Information AboutBahrain Stock Exchange |
| CATEGORIES ABOUT BAHRAIN STOCK EXCHANGE | |
| economy of bahrain | |
| stock exchanges in the middle east | |
| companies of bahrain | |
| stock exchanges in asia | |
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A. FOREIGN OWNERSHIP OF SECURITIES Currently, foreigners can purchase, own or sell bonds, units of mutual funds, and warrants of domestic joint-stock companies. Foreigners who reside in Bahrain for one year or more are entitled to purchase, own, and/or trade up to 24% of a domestic joint-stock company’s equities. However, an individual foreigner may not own more than 1% of a company’s issued capital. There are seven companies that are completely open to foreign investors; Arab Banking Corporation (ABC), Investcorp, Bahrain International Bank (BIB), TAIB Bank, Faysal Islamic Bank Arab Insurance Group and Bahrain Middle East Bank . Foreign security holders are legally entitled to enjoy all the benefits of the ownership of securities of domestic joint-stock companies. They have voting rights on all matters submitted for approval, and receive dividends and other distributions without being subject to taxation . B. TAXATION & WITHHOLDING TAX Bahrain continues to offer a tax-free environment, characterized by the total absence of corporate and personal taxation. C. PRACTICE GOVERNING TRADING AND SETTLEMENT OF SECURITIES Securities listed on the Exchange, with certain exceptions, must be traded on the floor through registered brokers. The specific standards of due care and diligence, which are needed in the execution of transactions and in the safeguarding of customers' funds and securities, are imposed under the terms of the BSE's laws and by-laws which are adhered to by the brokers and dealers. D. SETTLEMENT OF SALES AND PURCHASES OF SECURITIES Settlement and transfer of ownership of domestic joint stock securities is undertaken through the Exchange in accordance with simple and straight-forward procedures. The sale and purchase of a security creates a binding contract on the part of the seller to deliver the security and on the part of the purchaser to make payment on the settlement date, i.e. within two days after the trading date, (T + 2). The BSE management is continuously monitoring and reviewing the Exchange’s existing laws and procedures in an effort to further develop and enhance its contribution to the Economy of Bahrain . E. COMPANIES TRADED ON THE BSE Commercial Banks Sector
Investment Sector
Insurance Sector
Services Sector
Industrial Sector
Overseas Companies
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