Bahrain's Seef Properties IPO (26 April - 10 May)

Bahrain's government will sell 48.5% of Seef Properties in an initial public offering from 26 April to 10 May 2007, Reuters reported. The government will sell 222.91m shares and expects to collect $69.5m from the issue, a senior finance ministry official told the news agency. Individual Bahraini investors can buy shares at a 12% discount of 110 fils each, and pay for them in two equal installments over 12 months. -(ameinfo.com)

end post