Bahrain’s Batelco mulls dual listing in Saudi Arabia: report

18/06/2021 Argaam

Logo of Batelco

Bahrain Telecommunications Co. (Batelco) is planning a dual listing of shares on the Saudi Exchange (Tadawul), Bloomberg reported, citing unnamed sources with knowledge of the matter.

 

Batelco hired Samba Capital as an advisor.

 

Batelco's major shareholders include Bahrain Mumtalakat Holding Co. with 36.67% stake, Amber Holding Co. (20%), Social Insurance Organisation (10.57%), and Social Insurance Organisation (Pension) - Civil (6.11%).

 

Tadawul is in the final stages to announce the first dual listing in coordination with a regional market, CEO Mohammed Al-Rumaih earlier told Argaam.

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