Regulatory Alerts2019-11-07
Proposed Amendments to Article 32.5 under CBB Disclosure Standards
The Central Bank of Bahrain proposes amendments to Article 32.5 of its Disclosure Standards to standardize the dividend declaration and payment timelines for listed companies. The revised provisions mandate a minimum five-market-day window between dividend announcement and the record date, establish a maximum ten-market-day payment deadline from that record date, and require at least one post-meeting trading day for cum-dividend transactions. These adjustments eliminate previous dual-timeline ambiguities, align Bahrain’s corporate action practices with international standards, and enhance market transparency for informed investor decision-making.
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