Manama: APM Terminals Bahrain B.S.C, the operator of the Kingdom of Bahrain only commercial port, Khalifa bin Salman Port (KBSP), in a statement issued on Monday said that following the successful IPO with oversubscription of 4.4 times, the share price of the Company jumped by a whopping 51% closing at 995 fils on 10 March 2019 from its offer price of 660 fils on 9 December 2018. Approximately 6.75 million shares have been traded reflecting a staggering share movement pattern.
“the share price is driven by the Company’s performance in providing exemplary services to customers and continuous efforts of the Board and Management to increase the shareholders returns while responsibly serving the community at large,” Mrs. Susan Hunter, APMT CEO, said.
“The Excellent share price performance since APMTB’s listing 12 weeks ago is testament to investor confidence in the Bahraini capital markets when solid opportunities are presented,” Wissam Haddad, Head of Investment Banking and Real Estate, SICO said.