Bahrain's Batelco considers dual listing

Bahrain bourse-listed company did not say where it was considering for its dual listing

  
A trader walks out of Bahrain Bourse after Joe Biden won the U.S. presidency, in Manama, Bahrain, November 8, 2020.

A trader walks out of Bahrain Bourse after Joe Biden won the U.S. presidency, in Manama, Bahrain, November 8, 2020.

REUTERS/Hamad I Mohammed

DUBAI - Bahrain telecommunications company Batelco said on Sunday it had made a preliminary assessment of a dual listing, though that no decision on whether it would proceed had been taken.

The statement to Bahrain's bourse followed a Bloomberg June 17 report which cited sources it did not identify as saying the telco was considering a dual listing in Saudi Arabia.

The Bahrain bourse-listed company did not say where it was considering for its dual listing.

The Bahrain government owns nearly 56.97% of Batelco, including through shares held by sovereign wealth fund Mumtalakat, according Refinitiv data.

(Writing by Alexander Cornwell, editing by Louise Heavens) ((Alexander.Cornwell@thomsonreuters.com;))


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