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.
For the latest headlines, follow our Google News channel online or via the app.
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 percent of Batelco, including through shares held by sovereign wealth fund Mumtalakat, according Refinitiv data.
Read more:
Bahrain in touch with Israel’s new government to learn about peace policy: Minister
Bahrain approves emergency use for Regeneron COVID-19 medicine: BNA
