Zain Bahrain launching IPO on 2 September

4 Aug 2014

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.

Bahrain, Zain Bahrain, Zain Group