The APMT IPO subscription period will be open for 17 calendar days during which potential investors can submit their applications online through the eIPO portal. Bahrain Clear has developed the eIPO portal to provide an efficient and easy mechanism for submission of applications for IPO subscriptions. Through the eIPO portal, applications for subscription of shares can be made electronically and payment can be made through Fawri/Fawri+ instantaneously. The portal will be available 24/7 for registration during the subscription period.
Commenting on the occasion, Shaikh Khalifa Bin Ebrahim Al Khalifa Chief Executive Officer of Bahrain Bourse & Vice Chairman and Managing Director of Bahrain Clear said: “We are pleased to offer the eIPO for the subscription of APMT. Bahrain Clear’s mandate has been to enhance post-trade services as well increase the outreach of IPOs, and make the IPO process more efficient and user-friendly. We look forward to welcoming APMT on our platform upon successful completion of the IPO process.”
The share allotment announcement will be made available on 29th November through Bahrain Bourse website, followed by expected listing date & commencement of trading on 9th December 2018 under the trading symbol ‘APMTB’. The IPO and trading will be open to all nationalities without any restriction, including both retail and corporate investors, and as per the relevant terms and conditions outlined in the prospectus.
In addition to the eIPO subscription portal, physical IPO application forms will be available at Bahrain Bourse offices, APMT offices, as well as approved branches of Ahli United Bank B.S.C. (AUB). Furthermore, clients of the brokerage units of any of SICO BSC(c), AUB, Global Investment House BSC or BBK BSC can also apply for shares through their brokers.
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.