Zain Iraq hires investment bank as it prepares for an IPO | The National

Zain Iraq hires investment bank as it prepares for an IPO | The National:



"The Kuwaiti mobile operator Zain has hired an Iraqi investment bank to lead the initial public offering of its subsidiary in the country.



This comes after the US$1.3 billion Baghdad listing of the mobile operator Asiacell, which is part-owned by Qatar’s Ooredoo.



“We chose to appoint Melak Iraq and Rabee Securities as the leading adviser and broker because of their track record and because we need on-the-ground advisory and support in Iraq,” said Saif Altimen, the head of investor relations at Zain Iraq. 




Melak Investments, run by the Iraq-born former Franklin Templeton asset manager Shwan Taha, will spearhead the public share sale of Zain Iraq, according to three sources familiar with the matter."



'via Blog this'