Middle East

Bahrain port plans IPO

Dubai: Bahrain plans an initial public offering (IPO) of shares in the company operating its Khalifa bin Salman port, the Ministry of Transportation said.

Khalifa bin Salman, with the capacity to handle about 1m teu, is operated by APM Terminals Bahrain under a 25-year concession.
The company is 80%-owned by APM, and 20% by YBA Kanoo Holdings, a family-controlled Bahraini business group.
The IPO would mark the first big listing in Bahrain since 2010.  [27/05/14]

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