|18 November, 2018

6 days left until the application deadline for APM Terminals Bahrain Initial Public Offering (IPO)

Offering period closes on November 24th, 2018

6 days left until the application deadline for APM Terminals Bahrain Initial Public Offering (IPO)

Manama, Bahrain. The Initial Public Offering of APM Terminals Bahrain, offered at BHD 0.660 per share for a total of 20% of the company’s issued share capital, will culminate this week on November 24th.

With six days left until the application deadline, potential investors can continue to subscribe their interest in the APM Terminals IPO via the ten approved branches of Ahli United Bank B.S.C. (AUB) in Bahrain, in Manama, Seef Mall (Muharraq), Gudaibiya, Riffa, Sitra, Budaiya, Hamad Town, Isa Town Mall, Exhibition road, Mercado Mall (Saar) as well as from Bahrain Bourse and APM Terminals Bahrain. An electronic version of the prospectus of the IPO offering is also available on the websites of Bahrain Bourse (www.bahrainbourse.com) and the Company (www.apmterminals.com/bahrainIPO) as well as SICO (www.sicobank.com) for investors to download. 

APM Terminals Bahrain, which exclusively operates the Kingdom’s only commercial port, Khalifa Bin Salman Port (KBSP), is offering Bahraini and non-Bahraini investors an opportunity to invest in a successful public-private partnership. The IPO valued at BHD 11,880,000, comprising 18,000,000 shares, is structured with 70% of the shares on offer allocated to institutional investors (i.e., those applying for over 100,000 shares) while 30% of the shares will be allocated to retail investors (i.e., those applying for up to 100,000 shares).

A first for a transport and logistics company in the Kingdom to list on the Bahrain Bourse, the results of IPO applications and allotment basis will be announced on November 26th with the shares subsequently allotted to the investors on November 29th.

SICO is the mandated lead manager, underwriter and market maker, while Bahrain Bourse is the Listing Exchange for the company and Trowers & Hamlins and Hassan Radhi & Associates are the legal advisors. KPMG Fakhro are the financial due diligence advisor and auditor to APM Terminals Bahrain while Bahrain Clear are the allotment agent for the IPO and share registrar for the company.

APM Terminals Bahrain is a joint-venture between Netherlands-based APM Terminals International BV (80%) and YBA Kanoo Holdings of Bahrain (20%), a leading diversified regional business group.  The company which operates a global network of 74 operating ports and terminal facilities and over 117 Inland Services operations spread over 58 countries, is part of the A.P Moller – Maersk group, a global business headquartered in Copenhagen, Denmark, with activities in the transport and logistics industry, which includes the biggest container ship operator in the world. 

For more details, please contact +973 17585987 or visit www.apmterminals.com/bahrainIPO .


Contact information

Pooja Rekhi-Sharma

Memac Ogilvy Bahrain

Office  +973 17561723


© Press Release 2018

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases