Six leading Bahrain-based companies have been warned that they will have their shares suspended on the Bahrain Stock Exchange (BSE) today if they do not provide it with details of their board of directors' meetings.
Under exchange rules companies are obliged to give details of meetings set to discuss quarterly financials five days before the end of each quarter.
The companies concerned are Gulf Monetary Group, Investcorp Bank, United Gulf Investment Corporation, Bahrain Duty Free Complex, Bahrain Maritime and Mercantile International and Banader Hotels Company.
This is in reference to non-compliance of Resolution No 49 2007-Article (2), issued by CBB governor, and mentioned in the Official Gazette on September 13, last year regarding listed companies' disclosure of board meetings.
The resolution requires the disclosure of the date of meeting set to discuss the financials of the company in respect to the concerned quarter, five days prior to the end of each quarter.
To read more on GDN, Click here
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment