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Article 54

Local joint stock companies and exempt companies shall undertake to pay the following fees to the Exchange:

1— A one-off registration fee of 0.001 of the share capital of each company, subject to a maximum of BD15,000 and a minimum of BD5,000.
2— The annual listing and admission fees are as follows:
a— A fee equivalent to 0.001 on the first BD10 million, or less of the company's share capital subject to a minimum of BD30,000.
b— A fee equivalent to 0.0005 on amounts which exceed BD10 million, up to BD50 million.
c— A fee equivalent to 0.00025 on amounts which exceed BD50 million of the company's share capital, subject to a maximum of BD20,000(1).

(1) Amended by Ministerial Resolution No. (2/66) of 1999.