– Raises $174.7 million
– Confirms London is international market of choice for Middle Eastern companies
– Exchange now home to 43 Middle Eastern companies
The London Stock Exchange today welcomed Aluminium Bahrain B.S.C. (“Alba”), the world’s fourth-largest producer of aluminium by capacity, to its Main Market.
The total value of the company’s Global Depositary Receipt (GDR) offering in London was US$174.7 million, and was made alongside an Ordinary Share offering on the Bahrain Stock Exchange, raising a total of approximately US$339 million. Trading in the GDRs and Ordinary Shares commenced today on the London and Bahrain Stock Exchanges, respectively, under the symbol “ALBH”.