Zain Iraq is starting the process to list 25% of its shares on the Iraq stock exchange in line with the terms of its licence, Reuters reports.
Zain reportedly said that citizens would be informed on the dates of the IPO and the conditions through the…
Zain Iraq is starting the process to list 25% of its shares on the Iraq stock exchange in line with the terms of its licence, Reuters reports.
Zain reportedly said that citizens would be informed on the dates of the IPO and the conditions through the media.
Kuwait’s Zain acquired its mobile licence in 2007 for US$1.25bn.
Earlier this month, Telecom Finance reported that Zain Iraqi, Asiacell and Korek faced fines for missing a 31 August deadline to start the IPO process.
Asiacell is owned by Qatar Telecom, Korek is partly-owned by France Telecom.
The company did not reply to request for comments before press time.
