Zain IPO plans run into further delays

29 Jan 2014

Zain Iraq is still several months away from being able to list its shares on the Iraq Stock Exchange (ISX), Reuters reports, citing comments from the bourse’s chief executive, Taha al-Rubaye. He commented: ‘I believe they will do it this year, but I don’t know when.’ For its part, Zain representatives told the news agency: ‘We will advise all stakeholders of ongoing progress and milestones when they occur. We are confident of listing [holding company] Al-Khatem during the course of 2014.’

According to TeleGeography’s GlobalComms Database, in June 2013, in preparation for its IPO, Zain confirmed that it was in the process of setting up a holding company, named Al-Khatem Communications, which would offer 55.9 million shares priced at IQD1 (USD0.00085) each.

Iraq,Zain Iraq,



Have feedback, corrections, or story ideas? Send them to

Browse Past Issues


Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.