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Zain Bahrain planning IPO by end-June

: Monday, February 17 - 2014 @ 02:57

Zain Bahrain has informed the industry and commerce ministry of its plan to become a public company, moving a step closer to launching a long-awaited initial public offer of its shares, Reuters has reported. The telecom operator missed a 2013 deadline to launch the IPO, but a source last week said the company planned to launch its share sale by the end of June. Under the terms of its licence, Zain Bahrain, which is 56.3%-owned by Kuwait’s Zain, must sell 15% of its shares in an IPO and list on the Bahrain bourse.

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Monday, February 17- 2014 @ 2:57 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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