Versions

 

Article 3

The objectives of the Exchange shall include the following:

Firstly:

1— To develop the Stock Market in a manner which serves the economic development and assists in realizing the economic policy objectives of the State. This is achieved by providing the necessary facilities for developing the local, regional and international markets, and allowing the listing of non-Bahraini companies on the Exchange, or accepting dealings in shares issued by them.
2— To encourage savings and enhance the citizens' awareness in investment, with a view of directing these savings to more productive sectors.
3— To develop and rationalize the dealing methods on the Exchange, with a view to avail liquidity, continuity, fairness and sound dealing, in order to maintain control and achieving the benefit and provide proper protection for investors on the Exchange.
4— To develop the Exchange in a manner that supports the financial position of the State of Bahrain, through the development of the financial institutions and investment instruments traded on the Exchange.

Secondly:

1— To supervise the issuance of securities on the capital market on the stage of initial offerings or at the amendment of capital on coordination with the concerned authorities.
2— To provide the necessary facilities to enhance the dealing in securities admitted for trading on the Exchange, in accordance with the Law. Such securities may be local, regional or international, as determined by the Board.
3— To provide the necessary finance to support the requirement of the economic and social development.

Thirdly:

To establish and develop links with other regional and international exchanges, in order to benefit from their experience to develop the local market.