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Mobile Telecommunications Co KSC to Establish a New Holding Company in Iraq; to Offer IPO


Tuesday, 4 Jun 2013 01:22am EDT 

Mobile Telecommunications Co KSC announced that it will establish a new Iraqi holding company under the name of “Al Khatam Communications”, to legally hold the assets of Zain Iraq ahead of an initial public offering . Consequently, the Company’s unit, Zain Iraq, will offer 55.9 million shares at IQD 1 each in the holding company for an offer period starting on June 4 and running for 30 days. Once the process is completed, the new holding company will get the necessary approvals to commence the initial public offering. 

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