BHBNewsLetter Dec2018

3 / 16

3
Issue 18 - DECEMBER 2018
APM TERMINALS SHARES COMMENCE TRADING ON BAHRAIN BOURSE
THE MINISTER OF INDUSTRY, COMMERCE & TOURISM RECEIVES THE
CHAIRMAN OF BAHRAIN BOURSE
Bahrain Bourse announced on
9th December 2018 the listing of
APM Terminals Bahrain (‘APMT”)
under the trading symbol APMTB,
where a ringing bell ceremony was
held to mark the commencement
of trading on APMT shares in
the presence of H.E. Zayed bin
Rashid Alzayani, Minister of In-
dustry, Commerce, & Tourism
and Minister in Charge of Bah-
rain Bourse, the Governor of the
Central Bank of Bahrain H.E.
Rasheed AlMaraj, H.E. Kamal bin
Ahmed, Minister of Transportation
The Minister of Industr y,
Commerce & Tourism Mr.
Zayed R. Alzayani received
and Telecommunications, along
with CEOs of listed companies
and officials of Bahrain Bourse.
The trading of APMT Bahrain
will be traded under the trading
symbol (APMTB) in the IPO
Market for a duration of six
months according to the
procedures followed in the
market, and will then be
transferred to the regular market to
be traded under the Services Sector.
Following the listing of APMT,
the total number of listed
companies at Bahrain Bourse
r o s e t o 4 4 c omp a n i e s .
APMT is the exclusive manager
and operator of Khalifa Bin
Salman Port, the only general
commercial port facility in Bahrain
and handles all containerized
cargo to and from Bahrain
in addition to general cargo.
It is worth mentioning that APMT
has completed in November 2018
an Initial Public Offering (IPO),
where 18 million shares were
offered at 0.660 per share
repres ent i ng 20% of t he
company’s total issued share
capital. The IPO was met with
strong retail & institutional
d emand re s u lt i ng i n an
oversubscribed offer with funded
applications totaling 6.8 X the
institutional offer size and 2.2 X
the retail offer size. An overall
oversubscription resulted from
funded applications 5.4 X the offer
size. The share price of APMTB
closed at BD 0.765 at the end of
the first trading session, increasing
by 16% above the offer price.
in his office the Chairman
of the Board of Directors of
Bahrain Bourse Mr. Abdulkareem
Bucheery, and Sh. Khalifa Bin
Ebrahim Al Khalifa Chief
Executive Officer of Bahrain Bourse.
During the meeting, the Minister
reviewed Bahrain Bourse’s latest
updates including the upcoming
listing of APMT Terminals Bah-
rain and the eIPO. The Minister
was also updated with the latest
MOUs signed with neighboring
capital markets. In addition, the
Minister was briefed with the recent
updates on the Bahrain Investment
Ma r k e t t h a t i s c a t e r e d
towards growth companies,
along with other matters
related to listed companies.
Mr. Abdulkareem Bucheery
extended his thanks and
appreciation to the Minister,
praising the support of H.E.
to Bahrain Bourse’s effort and
initiatives in further developing
the capital markets and contribute
to the development of the economy
of the Kingdom of Bahrain.