Zain Bahrain IPO period extended

18 Sep 2014

Mobile and broadband operator Zain Bahrain has extended the subscription period for its initial public offering (IPO) until the end of this month, reports Gulf Daily News. The IPO subscription period for 15% of Zain Bahrain’s shares (48 million shares) was originally scheduled to run from 2 September to 16 September. The IPO is open to Bahraini and Gulf Cooperation Council (GCC) country-based institutional investors as well as Bahraini retail investors. The results of subscription and allotment basis will now be announced on 2 October.

Bahrain, Zain Bahrain