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.