Bahrain Bourse cuts subscription fee for firms
Manama, April 22, 2014
Bahrain Bourse yesterday (April 21) issued a resolution amending the annual subscription fees for companies under suspension.
As per the new resolution issued by Bahrain Bourse chairman Yusuf Humood, listed Bahraini public shareholding companies suspended from trading for a period not exceeding two continuous years will be charged only 50 per cent of the annual subscription fees, reported the Gulf Daily News, our sister publication.
Also, listed companies suspended from trading for a period exceeding two continuous years will be charged only 50pc of the prescribed subscription fees on the first two years, and 10pc of the prescribed subscription fees after two years.
The resolution will be effective as of January 1, next year on all suspended listed companies for more than one year by calculating only 50 per cent of the prescribed subscription fees irrespective of the previous period of suspension. – TradeArabia News Service