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Industry Minister updates SME classification
The Minister of Industry and Commerce, Abdullah Fakhro, issued a decision to classify micro, small, and medium enterprises according to the number of employees and annual revenues. The decision specifies that micro-enterprises include five or fewer employees and generate revenues not exceeding 300,000 Bahraini dinars, while small enterprises are those with 6 to 50 employees and revenues exceeding 300,000 dinars up to 4 million dinars. Medium enterprises are those with 51 to 250 employees and revenues ranging from over 4 million to 20 million dinars. The aim of the decision is to improve classification systems and update standards for small and medium enterprises in accordance with a guide that regulates classification procedures, including an official registry system and certification system. It also repeals previous Decision No. 229 of 2017 and shall take effect from the day following its publication.
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