Khalifa bin Salman Port to list on Bahrain bourse

27 May 2014

Khalifa bin Salman Port listing will be Bahrain’s first big offering since 2010

Bahrain’s Transport Ministry told Reuters on 26 May that an initial public offering (IPO) is planned of shares in the kingdom’s Khalifa bin Salman Port, a privately operated container and general cargo terminal.

It would be Bahrain’s 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 port’s equity.

The port’s 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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