30 June 2008
Bahrain's stock exchange has warned six companies that it will suspend their shares unless they schedule board meetings to agree on their second quarter results by today's session.
It named the companies as the Gulf Monetary Group, Investcorp Bank, United Gulf Investment Corporation, Bahrain Duty Free Complex, Bahrain Maritime and Mercantile International (BMMI) and Banader Hotels. The exchange's rules require the date of the board meeting to be disclosed five days before the end of each quarter.
"In case of not receiving the information by Monday June 30, 2008 prior to 9:00 am, the exchange will temporarily suspend trading in these companies shares until further notice," the Bahrain Stock Exchange said in a statement yesterday.
Bahrain's stock exchange has warned six companies that it will suspend their shares unless they schedule board meetings to agree on their second quarter results by today's session.
It named the companies as the Gulf Monetary Group, Investcorp Bank, United Gulf Investment Corporation, Bahrain Duty Free Complex, Bahrain Maritime and Mercantile International (BMMI) and Banader Hotels. The exchange's rules require the date of the board meeting to be disclosed five days before the end of each quarter.
"In case of not receiving the information by Monday June 30, 2008 prior to 9:00 am, the exchange will temporarily suspend trading in these companies shares until further notice," the Bahrain Stock Exchange said in a statement yesterday.
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