Tuesday 2 September 2014
 
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APM Terminals Bahrain to go public by year-end

Manama, April 21, 2014

APM Terminals Bahrain, the operator of Khalifa Bin Salman Port (KBSP), will become a public company by the end of the year, a report said.

The company undergo a public offering after the Cabinet approved a proposal presented by Transportation Minister Kamal Ahmed, reported the Gulf Daily News, our sister publication.

Ahmed also suggested setting a date for the Initial Public Offering (IPO), which will be announced soon along with the guidelines.

Ships

Meanwhile, the Cabinet approved a report on the performance of sea ports' operations for last year.

It stated a 2.4 per cent increase in the number of ships docking in Bahrain compared with 2012 and a 45 per cent rise in the handling of cargo compared with the year before. – TradeArabia News Service




Tags: Bahrain | Khalifa Port | APM Terminals |

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