Zain Bahrain must carry out belated 15% IPO

9 Apr 2013

Zain Bahrain has been ordered by the Bahraini authorities to float a 15% stake via an initial public offering (IPO), after the move was approved by the Cabinet following six postponements on the issue by the Telecommunications Regulatory Authority, reports Trade Arabia, which adds that Prime Minister Prince Khalifa bin Salman Al Khalifa has directed Minister of State for Telecommunications Affairs Shaikh Fawaz bin Mohammed Al Khalifa to prepare the necessary arrangements for the listing. Minister of State for Information Affairs Sameera Rajab said that the IPO decision was final, adding that delays were due to ‘special circumstances’ the country had experienced.

Bahrain, Telecommunications Regulatory Authority (TRA), Zain Bahrain