S.P.C. companies will no longer exist, ‘not for profit’ companies introduced.

Further changes have come to light with the amendments to the Bahrain Commercial Companies Law promulgated through Legislative Decree No (28) of 2020. Along with the change of S.P.C companies to W.L.L, there is an introduction of ‘not for profit’ companies, reporting changes and specific corporate governance changes. Other amendments cover mergers and acquisitions and specific disclosures around board elections. To read more click here.