Khalifa bin Salman Port listing will be Bahrains first big offering since 2010
Bahrains Transport Ministry told Reuters on 26 May that an initial public offering (IPO) is planned of shares in the kingdoms Khalifa bin Salman Port, a privately operated container and general cargo terminal.
It would be Bahrains first big IPO since 2010, Reuters said.
The port has capacity to handle about 1 million 20-foot-equivalent units (TEUs) a year. It is operated by APM Terminals in a 25-year concession. The Dutch company also owns 80 per cent of the ports equity.
The ports concession agreement allows APM to convert the company that owns it from a closed joint stock company to an open joint stock company after five years from the start of operations.
Reuters reported a Bahrain Transport Ministry spokesman as saying that [this] is purely an implementation of the agreement with the port operator.
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