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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 .
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Contact information
Pooja Rekhi-Sharma
Memac Ogilvy Bahrain
Office +973 17561723
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