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Article 19

Brokerage commission for undertaking brokerage services on the Exchange shall be as follows:

i— A fee of 0.03% (three over one thousand) for the first BD20,000 or less.
ii— A fee of 0.2% (two over one thousand) for amounts exceeding BD20,000 and up to BD50,000.
iii— A fee of 0.1% (one over one thousand) for amounts exceeding BD50,000.

The commission stipulated above shall be considered the base for calculating the Exchange's commission and a broker may charge more or less than the above prescribed commission(1).

The Exchange's commission shall be 20% of the broker's commission chargeable for trading transactions executed in the Trading Floor and according to the above commission categories.

A broker may receive commission from each of the parties of the contract in which he mediated to its conclusion. Each contracting party shall be liable for the payment of commission owed by him to the broker. A broker shall be entitled to payment of commission upon the conclusion of the contract. Such commission shall become payable immediately upon conclusion of the contract, irrespective of whether it has been fully or partially performed.

(1) Amended by Ministerial Resolution No. 1/2000, in respect of defining the broker's commission at the Bahrain Stock Exchange.