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Article Four

Any individual or legal entity whose ownership of any listed securities reaches 10% or more and wishes to purchase or own 20% of a company's shares, shall inform the Director of the Exchange in writing, prior to the submission of his purchase order on the Trading Floor. The Exchange's Board of Directors shall have the right to reject the transaction, if such a transaction, in the Board's opinion, is not in the interest of the national economy.

In the case of purchasing shares of a financial institution which comes under the control of the Bahrain Monetary Agency, the Bahrain Monetary Agency's approval shall be obtained before purchasing or owning 20% or more of the said financial institution's shares.