The founders shall — upon offering shares for public subscription — issue a prospectus approved by the Ministry of Commerce and Industry and Bahrain Stock Exchange calling the public for subscription and including the particulars specified in the Executive Regulation.

The subscription prospectus shall be published in one of the local daily newspapers at the expense of the company at least five days before the subscription commences.

The founders who signed the application for the company's incorporation shall sign the prospectus and be jointly liable for the accuracy of the particulars contained therein.