News Column

Shares offering planned

May 27, 2014

MANAMA: Bahrain plans an initial public offering (IPO) of shares in the company operating Khalifa Bin Salman Port, the Transportation Ministry said, in what could be the kingdom's first big IPO since 2010.

A listing could benefit from a recent recovery in the Bahrain stock market, where the main index is up 17 per cent year to date after slumping between 2008 and 2012.

The port is operated by APM Terminals Bahrain, which is 80pc owned by Netherlands-based APM Terminals, the ports arm of Danish shipping and oil group A P Moller-Maersk, and 20pc by YBA Kanoo Holdings.

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Source: Gulf Daily News (Bahrain)

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