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Regulator tells Zain Bahrain to complete IPO by 2013-end
- Bahrain: Monday, April 15 - 2013 at 05:06
Bahrain's Telecoms Regulatory Authority (TRA) has said Zain Bahraini should complete an initial public offering by the end of next December to comply with its licence terms, Reuters has reported. Zain Bahrain has been instructed to sell 15% of its shares in the IPO and list on the kingdom's bourse, said the TRA. Bahrain's second mobile licence was awarded to Kuwait's Zain in 2003, ending Batelco's monopoly, and the unit had planned to launch an IPO in 2008, only for the share sale to be abandoned.
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