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Zain Bahrain hands 65% of IPO shares to underwriter
2014-10-03 13:20:00| Telecompaper Headlines
(Telecompaper) Zain Bahrain has announced the results of its initial public offering (IPO) of shares. It said some 16,714,903 shares amounting to 34.8 percent of the offering would be allotted to retail and institutional investors, with all subscribers getting the number of shares they had applied for. The remaining 31,285,097 shares or 65.2 percent will go to the underwriter, Gulf-Daily reported. The IPO comprised 48 million shares or 15 percent of issued shares prior at a price of BHD 0.190.
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Category:Telecommunications
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