VOL. XXXVII

NO. 37

13-JUNE-1994

Capital Markets

Bahrain Opens Up Stock Market To Foreigners, Local Companies Raise Capital

The Bahraini Cabinet has approved amendments to the country's commercial codeso that foreigners will be able to own shares on the local stock market.Investors who are not citizens of the GCC but who have been resident in Bahrainfor more than three years may own up to 1% of a company's shares on anindividual basis. Collectively, such investors may own up to 24% of a company.An...