Manama: His Majesty King Hamad bin Isa Al Khalifa ratified and issued Law (12) of 2025 amending certain provisions of Decree Law (15) of 1977 on the issuance of development bonds, following its approval by the Shura Council and the Council of Representatives.
According to Bahrain News Agency, the legislative amendment seeks to update the framework governing the issuance of development bonds in the country. This move reflects ongoing efforts to adapt to current financial and economic requirements, ensuring that the legal structures supporting bond issuance remain effective and relevant.
The ratification process involved a thorough review by both the Shura Council and the Council of Representatives. Their approval signifies a consensus on the necessity of these changes, which aim to enhance the efficiency and attractiveness of development bonds as financial instruments.
This adjustment to the existing decree law signifies a proactive approach in aligning legislative measures with the evolving dynamics of the market. The development bonds are an integral part of the nation's fiscal strategy, and the amendment is expected to facilitate improved investment opportunities and economic growth.