By John Lee.
Reuters reports that Zain Iraq will list on the Baghdad Stock Exchange (ISX) on 23rd June.
Under the terms of its 15-year licence awarded in 2007, the company, along with Iraq's two other mobile phone firms, was required to float at least a quarter of its shares on the ISX by August 2011.
To date, only Ooredoo's Asiacell has floated.
(Source: Reuters)
(IPO image via Shutterstock)
I'm in the ISX for 2 years now and very comfortable with the companies
I have, but might sell some of a few shares of the companies with the greatest amount of shares I have with them.
I have to buy zain because in the future that company will do so much better than
the ones I might sell. I know I can't lose on any of them but telecommunication companies
are the best besides the banks. I will watch the trading with zain for a while and not react until it settles down
If you have suggestions please feel free to email me.
Best Regards, Scott