Asmak Bahrain considers selling its shares in an initial public offering (IPO) in order to be listed on Bahrain Bourse, after achieving earnings from its production goal of 1500 tons per year, said Asmak chairman Saqer Shaheen.
The company, which is located on the country's east coast, has a fish farming project with a cost of BHD 5 million. The project will supply 105 of local consumption demand in Bahrain, added the chairman.
Shaheen noted that the project will include 36 investors and a leading firm in Bahrain, with a paid-up capital of BHD 1.3 million.
Mumtalakat Holding and Bahrain Development Bank will be main shareholders in Asmak.