Zain Iraq to list shares within months

January 30, 2014 8:39 am

Iraq Stock Exchange (ISX) has said Zain Iraq is still expected to list its shares on the country’s bourse later this year, but is at least several months off from being able to do so, Reuters has reported. “I don’t think they will (complete) all the requirements before two or three months or maybe four, it may be more,” said ISX chief executive, Taha al-Rubaye. “I believe they will do it this year, but I don’t know when.” Zain Iraq, and its two rivals in the Iraqi market, Asiacell and Orange affiliate Korek, all missed a 2011 deadline to float a quarter of their shares on the ISX under the terms of their $1.25bn network licences.