TMCnet News
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. (c) 2014 Al Hilal Publishing & Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info). |