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  • Mergers, Acquisitions, Disposals and Establishment of New Subsidiaries

    • CRA-10.3.15

      As specified in Articles 51 and 57 of the CBB Law, a licensee incorporated in Bahrain must seek prior written approval of the CBB where it intends to:

      (a) Enter into a merger with another undertaking;
      (b) Enter into a proposed acquisition, disposal or establishment of a new subsidiary undertaking; or
      (c) Open a new place of business as a subsidiary undertaking, a branch or a representative office within the Kingdom of Bahrain or other jurisdiction.
      Amended: April 2023
      Added: April 2019

    • CRA-10.3.16

      Licensees wishing cease operation of a subsidiary must obtain the CBB’s written approval, before ceasing the activities of the subsidiary.

      Amended: April 2023
      Added: April 2019