Bahrain’s Cabinet during its weekly meeting on Sunday chaired by His Royal Highness Prince Khalifa bin Salman Al Khalifa, the Prime Minister, issued the directives to Ministry of Communication to take necessary steps for allowing Zain Bahrain to offer its shares through initial public offering (IPO).
The State Minister for Information Sameera Rajab, who is also Government Spokesperson, during media briefing at Gudaibiya Palace, said that Zain would be allowed offer 15% shares for public offering.
“In the past the similar request had been put on the back burner due to the global financial meltdown and now Government decided to give a fair chance to Zain Bahrain to offer its shares for public offering,” she added.