Iraqi mobile operators will reportedly not face fines for missing their deadline to begin listing shares on the ISX.
Zain Iraq, Asiacell and Korek will not be penalised for missing a 31 August deadline that was set in 2007 when they received their…
Iraqi mobile operators will reportedly not face fines for missing their deadline to begin listing shares on the ISX.
Zain Iraq, Asiacell and Korek will not be penalised for missing a 31 August deadline that was set in 2007 when they received their operating licences, reported Reuters citing local regulator Communications and Media Commission (CMC).
The CMC, which was unable to comment before the press deadline, also does not expect any of the IPOs to happen before mid-2012, added the report.
Iraq’s ISX began trading in June 2004, and the delays are reportedly due to concerns over whether the young stock market is fit to list the shares.
