Mobile operator Zain Iraq still wants to list its shares more than three years after missing a deadline, parent Zain said on Wednesday, although fund managers warned violence in the country and weak market infrastructure could deter investors.
Mobile telecom firm Zain Iraq is still expected to list its shares on the Iraq Stock Exchange (ISX) later this year but is at least several months off from being able to do so, the bourse's chief executive said.
First the comp
Zain Iraq expects wealthy individuals to be the largest subscriber group in the telecom operator's 2014 IPO and looks to raise more than $1 billion, its chief financial officer told Reuters on Sunday.
The company, a unit of Ku
Zain Iraq, the country's largest mobile telephone operator, expects double-digit growth in profits and revenues this year as expansion in the north and Kurdistan boosts its subscriber base, a top executive sa
Iraqi mobile phone company Zain Iraq plans to go ahead with a long-delayed stock market listing in Baghdad by early 2013 at the latest, its chief operating officer said on Tuesday.
Zain Iraq, owned by Kuwaiti telecom group Zain, s
Kuwaiti telecoms company Zain said its Iraqi unit has announced key changes in its senior management starting with the CEO Emad Makiya, who has stepped down from his post on Wednesday.
Zain Iraq, the country's leading mobile operato
Zain Iraq, the country's biggest mobile phone company, has invested about $20 million in its efforts to list on the local stock exchange, its chief executive said on Thursday.
The Iraqi unit of Kuwait mobile phone operator Zain is required
Zain Iraq faces 'a big challenge' to meet an August deadline to launch an initial public offering and may end up floating less than a regulator-mandated 25-percent stake, its chief executive said.
The operator, a unit of Kuwait'
Zain Iraq has signed up Nokia Siemens Networks, a leading global enabler of telecoms services, to develop its home location register and also provide integration and consulting services for its smooth operations in the country.
The Iraqi unit of Kuwait's telecom firm Zain said on Tuesday it had received a 7-year, $400 million debt facility from the World Bank's International Finance Corporation.
'The long-term debt facility will help Zain Iraq expand