MANAMA: The Board of Directors of Bahrain Bourse (BHB) during its second meeting for the year 2015 chaired by Yusuf Abdulla Humood, Chairman of the Bourse said that Bourse would allow listing of REITs following the approval by the Central Bank of Bahrain.
The Board discussed the subjects on the agenda including the latest developments at Bahrain Bourse and its performance. The Board also reviewed the financial results of BHB as of 31 December 2014, and approved them and made recommendations to the shareholder to approve them.
The Board approved the rules for listing and trading REITs at BHB that will be issued following the final approval of the Central Bank of Bahrain.
The anti-money laundering policies for the members at the Bourse, the disciplinary committee charter, and the corporate governance report of BHB for the year 2014 were also approved. The Board re-elected the corporate governance committee that consists of the Board Members.
The Board discussed the reports and recommendations of the Board’s Committees and decided on actions to be taken. The Board finally requested the executive committee to take the necessary actions on subjects related to the work at BHB.