IPO closes on Tuesday

Eskan Bank has issued a reminder that there are only 2 working days left until the closing date of Tuesday 6 December for the public offering of units in Bahrain’s first Sharia-compliant retail real estate investment trust (REIT). Securities & Investment Company (SICO) is the mandated lead manager, sub-investment manager and dedicated market maker for the offering; while Bahrain Islamic Bank (BisB) has been appointed as the receiving bank.

Copies of the offering prospectus and application form can be collected from BisB’s financial malls at Budaiya, Arad and Riffa, or the head office branch in the Diplomatic Area; as well as from the Bahrain Bourse at Bahrain Financial Harbour. The participating BisB outlets will receive completed application forms and payments.

The full press release in English & Arabic can be downloaded here.