Kuwaiti-backed mobile and broadband operator Zain Bahrain will sell 15% of its shares on the Bahraini stock exchange in an initial public offering (IPO), with a subscription period running from 2 September to 16 September, its parent group announced today in a stock market filing, reported by Reuters. Shares will be available to retail investors in Bahrain as well as institutional investors in the Gulf region. The 48 million shares on offer are priced at BHD0.19 (USD0.50) each, and the listing is expected to raise over USD24 million.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Have feedback, corrections, or story ideas? Send them to email@example.com.
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