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Zain Iraq hires investment bank as it prepares for an IPO

Kuwaiti mobile operator Zain has hired an Iraqi investment bank to lead the initial public offering of its subsidiary in the country. This comes after the successful conclusion of mobile operator Asiacell’s US$1.3 billion listing, which is part-owned by Qatar’s Ooredoo. “We chose to appoint Melak Iraq and Rabee Securities…

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