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GR-5.2.1

A controller of a Bahraini insurance licensee is a natural or legal person who, either alone or with his associates:

(a) Holds 10% or more of the issued and paid up capital in the licensee or parent undertaking; or
(b) Is able to exercise more than 10% of the voting power over the licensee or the parent undertaking.
Amended: October 2015
Amended: January 2007