VOL. XL

No. 13

31-March-1997

BAHRAIN

...As Bahrain Also Liberalizes

The development in Saudi Arabia comes as the Bahraini authoritiessaid that they have decided to relax the one-year residency requirement on foreignownership of shares, which allows foreign investors to buy up to 24% (the current limit onforeign ownership) in 33 companies. MEES understands that within the next month, once thenecessary amendments to the Companies Law have been made, there will be no residencyrequirement for...