Zain Bahrain Extends IPO Subscription Period By Two Weeks

No reason was given in the statement for the extension, which moves the closing date for investors to buy shares in the initial public offer to September 30.



Zain Bahrain said on Wednesday it was extending the subscription period for its initial share sale on the kingdom’s bourse by two weeks.

No reason was given in the statement for the extension, which moves the closing date for investors to buy shares in the initial public offer to Sept. 30.

The IPO, the first in Bahrain since 2010, was originally due to end subscriptions on Sept. 16 and aimed to sell 15 per cent of the unit of Kuwaiti telecommunications firm Zain Group at BD0.19 ($0.50) per share.