Regulatory Alerts2023-06-06
CBB Draft Resolution on Rules and Procedures for Takeovers, Mergers, and Acquisitions of Listed Joint-Stock Companies
The Central Bank of Bahrain (CBB) has issued a draft resolution establishing comprehensive rules and procedures for the takeover, merger, and acquisition of shares in joint-stock companies listed on its licensed stock exchanges. This regulatory framework, grounded in Article 93 of the Central Bank of Bahrain and Financial Institutions Law, standardizes transaction processes to strengthen market oversight. All CBB licensees, listed companies, self-regulatory organizations, and professional service providers are required to submit their written comments in editable format by 6 June 2023.
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