APM Terminals Bahrain to launch US$31m IPO
APM Terminals (APMT) Bahrain, the only operator at Khalifa bin Salman Port (KBSP) has announced the initial public offering (IPO) of 20% of the company’s total issued share capital, beginning on November 8.
Worth BHD11.8m (US$31m), the offer is comprised of 18m shares of the joint venture between APMT International (80%) and YBA Kanoo Holdings of Bahrain (20%), a regional business group.
Mark Hardiman, CEO/managing director, APMT Bahrain said: “Today is a significant moment for APMT Bahrain as we move forward to launch our IPO, with an opportunity to invest in a successful public-private partnership and Bahrain’s only commercial port.
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