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[September 01, 2014]
BAHRAIN: First IPO since 2010 [Gulf, The (Bahrain)]
(Gulf, The (Bahrain) Via Acquire Media NewsEdge) Telecoms firm Zain Bahrain will launch its initial public offering (IPO), aimed at raising $24 million, this month. The issue is the first in the kingdom since 2010, Gulf Daily News reported. The offer amounts to 15 per cent of issued share capital at a price of 190 fils (50 US cents). It remains unclear whether the Zain Group's ownership will be reduced below 50 per cent through the IPO, as a result of shareholders selling shares on a proportional basis.
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