PD-2.1.1

Licensees that are listed companies must prepare reviewed (unaudited) quarterly financial statements in accordance with IFRS and/or AAOIFI (for sharia-compliant licensees) for the first three quarters of their financial year.

PD-2.1.2

[This Paragraph was deleted in April 2014.]

PD-2.1.3

Licensees' unaudited financial statements must be reviewed by their external auditor who must also make a statement regarding the results of such review. Such review and statement should be made in accordance with the applicable International Standard on Review Engagements.

PD-2.1.4

Extracts from the reviewed financial statements (including at a minimum the balance sheet, the statements of income, the cash flow, changes in equity and where applicable, the statement of comprehensive income) must be published in one Arabic and one English daily newspaper widely available in Bahrain and on the licensee's website within forty-five calendar days of the end of the period to which such statements relate.

PD-2.1.5

Licensees must submit a newspaper copy of the statements (referred to under Paragraph PD-2.1.4) to the CBB within two business days of publication clearly showing on which date and in which publication(s) the statements were published.

Additional Requirements for Semi Annual Disclosures

PD-2.2.1

Newly-established licensees are not required to follow the publication requirements of Section PD-2.1 for the first three quarters of their operation or until the commencement of their second financial year of operation (whichever period is the longer).

PD-2.2.2

After the above period has expired, all newly-established locally incorporated licensees must follow the publication requirements of Section PD-2.1. Newly-established licensees must follow the requirements for annual reporting.