Notwithstanding the provisions of this law and with due consideration of the competence of the Bahrain Monetary Agency in respect of banking and financial institutions, the Minister of Commerce and Industry, in agreement with the relevant minister, may decide to incorporate companies provided for in this law, to be fully or partially owned by Bahraini or non-Bahraini partners. They may be in non-Bahraini currencies, provided that they shall be denominated in the Bahraini currency. The activities of these companies shall be specified in an order of the Ministry of Commerce and Industry.

The Minister of Commerce and Industry may also exempt the companies provided for in this article from the minimum limit of capital specified in the Executive Regulation of this law. He may authorize the board of directors and the ordinary and extraordinary general assemblies of these companies to convene outside the Sate of Bahrain, provided that such companies shall comply in all their meetings with the provisions of this law.