Bahrain Bourse has announced the new date for Takaful auction, which will put 18.84 million shares for sale, accounting for 30% of the company’s capital.

The buying process should be completed at the same day of the auction, which is on Sunday, January 18, 2015.

Noteworthy, the company’s capital is amounted to BHD 6.25 million, standing at 62.5 million shares at a par value of BHD 0.1 per share.

Meanwhile, the minimum price at the auction is set to be 115 fils.

In its statement, the Bourse highlighted the auction’s rules which include the selling shares at once, to one buyer or a temporary alliance through one of the accredited brokers at the Bourse.

Photo Credit: Arabianeye-Reuters