This deadline passed without comment by the companies or the regulator, but Zain Bahrain has now applied to the
The company will publish details of the application in the ministry's gazette and must then wait 60 days for any objections to be lodged, although that is largely a procedural formality, the source said.
After that, Zain Bahrain can launch its IPO. It shelved a previous plan to go public in 2008.
"The company is targeting to list on the Bahrain Bourse during the first half of 2014," the source said.
Few details relating to the IPO have been made public, although Zain's chief executive said in December his company wanted to keep majority control. Selling the IPO on a proportional basis would lead to Zain's stake dropping below 50pc.
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