MAE-2.12.3
Past version: Effective from 01 Oct 2017 to 31 Dec 2018
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In order for the CBB to regard an offer as an
(a) It must be a closed, private, family companies, entities engaged in real estate projects, start-up and small and medium size companies, incorporated either in Kingdom of Bahrain or elsewhere, with paid-up capital not exceeding BD 250,000 or equivalent amount in other currency;
(b) Ordinary shares fully paid and free from all encumbrances are issued as part of the offer;
(c) The total amount raised from such offers within a 12 month period must not exceed BD 250,000, or equivalent amount in other currency, irrespective of the number of projects an equity crowdfunding issuer may seek funding for during the 12-month period. This limit is not applicable for entities engaged in real estate projects;
(d) Entities engaged in real estate projects can raise up to BD 500,000, or equivalent amount in other currency, within a 12-month period, irrespective of the number of projects an equity crowdfunding issuer may seek funding for during the 12-month period;
(e) Such offer is made only to accredited investors and/or expert investors ; and
(f) The use of the proceeds from equity crowdfunding offer must be for undertaking proposed business activities disclosed in the equity crowdfunding offering statement .
Added: October 2017