Why Bahrain?

The Bahrain Bourse offers transparent conditions for international issuers, including Russian companies. A key feature of this market is the strict regulation by the Central Bank of Bahrain (CBB), which guarantees a high level of investor protection and compliance with standards.

Key listing requirements

For shares:

- Minimum market capitalization: 5 million Bahraini dinars (~$13.3 million).

- Free float: minimum of 25% of the total number of shares.

- Audited financial statements: for the last 3 years, according to IFRS.

For bonds:

- Minimum issue size: 10 million Bahraini dinars (~$26.6 million).

- Preparation of a prospectus: with a detailed description of the terms of the issue.

- For sukuk (Islamic bonds): mandatory sharia compliance and certification.

Prospectus requirements

The CBB has specific requirements for the content and structure of the prospectus. The document must be prepared in English and include the following sections:

- Information about the company and its activities.

- Financial performance for the last 3 years.

- Risk analysis for potential investors.

- Plan for the use of proceeds.

Each section of the prospectus must be as detailed and accurate as possible to ensure full transparency of the offering.

Document review timeline

The approval process can take from 4 to 12 weeks, depending on the type of securities:

- For shares: 4-8 weeks.

- For bonds: 6-10 weeks.

- For sukuk: 8-12 weeks (considering additional Sharia compliance).

The overall timeline from the start of preparation to trading can take approximately 6-12 months.

Who can help you with this process?

For a successful listing, it is important to choose reliable partners:

- Yakovlev and Partners Law Group and our colleagues from Bahrain.

- International audit firms (PwC, EY, Deloitte, KPMG).

- Local consultants (e.g., Arab Banking Corporation or Al Salam Bank).

Fees for such specialists start from

300,000+, depending on the complexity of the project.

For why list on the Bahrain bourse?

- Access to regional capital of the Persian Gulf region: the capital market of Bahrain is actively funded and financed by investors from the Gulf countries.

- International reputation: listing increases the company’s visibility on a global scale.

- Sharia-compliant instruments: opportunity to issue sukuk to attract funds from Islamic investors.

If you are planning to enter international markets, Bahrain could be your first step into the Persian Gulf region. We are ready to assist you in preparing the necessary documents, selecting partners, and navigating all stages of the listing process.

Consultations are paid, but upon entering into an agreement, the paid amount will be factored into the fee for securities placement.

Contact us for a consultation:

Email: matec@aha.ru

Phone: +7 (495) 956-29-92

This publication is for informational purposes only and does not constitute a public offer.