Dubai: Zain Bahrain said on Wednesday it was extending the subscription period for its initial share sale on the kingdom’s bourse by two weeks.
No reason was given in the statement for the extension, which moves the closing date for investors to buy shares in the initial public offer to September 30.
The IPO, the first in Bahrain since 2010, was originally due to end subscriptions on September 16 and aimed to sell 15 per cent of the unit of Kuwaiti telecommunications firm Zain Group at 0.19 dinars (Dh2.44, $0.50) per share.
