As part of Bahrain Bourse's continuous efforts to develop the Capital Market in the Kingdom of Bahrain, Bahrain Bourse has launched a 'Listing Incentives Program' to encourage private companies to list their shares on Bahrain Bourse. The 'Listing Incentive Program' is a key objective of Financial Services Sector Development Strategy (2022-2026), and is aligned with the strategic goals of Bahrain Economic Vision 2030 to empower the private sector to drive economic growth.
The Listing Incentives Program aims to stimulate the role of capital markets in the national economy and encourages listing of privately held companies. The program will be applicable for a period of five years from the date of implementation effective 1st October 2024. The Listing Incentives Program will offer companies interested to list on the Mainboard, a reduced fee on both Bahrain Bourse annual subscription fees and Bahrain Clear annual central depositary fees, along with reduced fees for Bahrain Clear's services related to AGM Management Services and Registry services for the initial two years of listing. All listing applications received during five years from the beginning of the Listing Incentives Program will be eligible for the reduced fees. In addition, companies interested to list on the Bahrain Investment Market will be fully exempted from the annual subscription fees for the first two years of listing.
Shaikha Sameer AlZayani, Senior Director of Listing & Disclosure commented, “The Listing Incentives Program has been rolled out to encourage companies to list on Bahrain Bourse (both Mainboard and Bahrain Investment Market) within the framework of the initiative to stimulate the private sector in line with the Financial Services Sector Development Strategy 2022-2026. The program reflects Bahrain Bourse's ongoing efforts to attract further listings which will in return enhance market liquidity and contribute to the Kingdom of Bahrain's economic growth."
The Listing Incentives Program targets private sector companies. Therefore, companies with a government ownership stake of 30% or more will not be eligible to enroll in the Listing Incentives Program.