{"id":418,"date":"2018-11-05T17:55:00","date_gmt":"2018-11-05T17:55:00","guid":{"rendered":"https:\/\/portstrategy.nfdtesting.uk\/greenport\/2018\/11\/05\/apm-bahrain-ipo-is-chance-for-proceeds\/"},"modified":"2026-08-27T13:44:32","modified_gmt":"2026-08-27T12:44:32","slug":"apm-bahrain-ipo-is-chance-for-proceeds","status":"publish","type":"post","link":"https:\/\/www.portstrategy.com\/greenport\/news\/middle-east\/apm-bahrain-ipo-is-chance-for-proceeds\/","title":{"rendered":"APM Bahrain IPO is \u201cchance for proceeds\u201d"},"content":{"rendered":"<p>Neil Davidson explained that the main purpose of the IPO, which will offer 20% of the company\u2019s total issued share capital and is open to Bahraini and non-Bahraini corporate and individual investors from 8 November, is to meet a contractual promise made when the Bahrain business was initially set up.<\/p>\n<p>\u201cFor the current owners, it&#8217;s a chance to take proceeds from the business they&#8217;ve built up, and for Bahrain it&#8217;s a chance to get the wider business and private community involved in the port,\u201d commented Mr Davidson, who in April said that the <a href=\"https:\/\/www.portstrategy.com\/news101\/world\/middle-east\/kbsp-running-at-45-capacity\" target=\"_blank\">port was operating at 45% of its capacity <\/a>and APM Terminals Bahrain aimed to double the size of its operations in the future.<\/p>\n<p>Mark Hardiman, CEO\/managing director at APM Terminals Bahrain said: \u201cToday is a significant moment for APM Terminals Bahrain as we move forward to launch our IPO, with an opportunity to invest in a successful public-private partnership and Bahrain\u2019s only commercial port.\u201d<\/p>\n<p>\u201cWe are excited about the IPO and look forward with confidence to our next stage of growth for APM Terminals Bahrain as a publicly listed company,\u201d he added.<\/p>\n<p>However, Mr Davidson remarked: \u201cI don&#8217;t really see this as a public-private partnership though &#8211; it&#8217;s essentially a private sector deal.\u201d<\/p>\n<p><strong>IPO structure<\/strong><\/p>\n<p>Commencing on November 8th, the APM Terminals Bahrain IPO offering will be open for a period of 17 days until 24 November.<\/p>\n<p>The IPO is structured with 70% of the shares on offer allocated to institutional investors (i.e., those applying for over 100,000 shares), while 30% of the shares have been allocated to retail investors (i.e., those applying for up to 100,000 shares).<\/p>\n<p>APM Terminals Bahrain is a joint-venture between Netherlands-based APM Terminals International BV (80%) and YBA Kanoo Holdings of Bahrain (20%).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Khalifa Bin Salman Port (KBSP) operator APM Terminals Bahrain\u2019s BHD 11.8m decision to make an initial public offering (IPO) of 18,000,000 of its shares is a timely money making and investment opportunity, says Drewry\u2019s senior analyst &#8211; Ports &amp; Terminals.<\/p>\n","protected":false},"author":8,"featured_media":419,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"sponsor":[],"class_list":["post-418","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-middle-east"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/418","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/comments?post=418"}],"version-history":[{"count":1,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/418\/revisions"}],"predecessor-version":[{"id":420,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/418\/revisions\/420"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media\/419"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media?parent=418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/categories?post=418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/tags?post=418"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/sponsor?post=418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}