The Board of Directors of Bahrain Bourse (BHB) held its fourth meeting at its premises at Bahrain Financial Harbour, chaired by Yusuf Abdulla Humood, Chairman of Bahrain Bourse.
The Board discussed the issues on the agenda including the latest developments at BHB and reviewed the periodic report of Bahrain Bourse’s performance and GCC capital markets.
The Board reviewed the progress report that shows the achievements made concerning BHB’s strategic plan and approved the proposed amendments on BHB’s financial manual.
The Board approved amending some of the requirements for listing Bahraini shareholding closed companies by cancelling the requirement of achieving profits during the last two years preceding the submission of the application, or for three years during the last five years. The Board also approved the membership of United Gulf Bank as a broker at the bourse.
The Board finally reviewed the reports from the committees that were formed to look into various issues relating to the bourse’s activities, and decided on suitable actions to be taken.