ZAIN OF KUWAIT AT ONE DINAR PER SHARE !!!!

Kuwait - Agencies
She said, "Zen" of Kuwait, it began with the rest of the contributors to the unity of Iraq, the establishment of a joint stock company new, and as part of the listing requirements in the Iraqi Stock Exchange, and that under the license granted to Zain Iraq, the company is committed to offering 25% of its shares in the Iraqi market for securities.
She explained, "Zen" in a statement posted positioned Kuwait Stock Exchange on the Internet, that the new company, which bears the name of "Al ring" for Communications, will put 55.9 million of its own shares for subscription for 30 days starting on Tuesday, adding that the IPO would be "open to all comers from Iraqis and non-Iraqis, and the rate is one Iraqi dinars per share. "
The statement predicted the issuance of final approval of the establishment of the "ring" immediately after the completion of the initial subscription, and some other complementary steps.

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Type Public company
Industry Telecommunication
Founded 1983 as MTC[1]
Area served 8 countries in the Middle East and North Africa
Key people Scott Gegenheimer, Chief Executive of Zain Group
Products Mobile Telecommunications, Fixed Lines
Broadband and Internet
Revenue Increase US$4.58 billion (2012)[2]
Net income Increase US$902 million (2012)[2]
Owner(s) 24.24% is owned by Kuwait Investment Authority; 16.26% is owned by Al-Khair National for Stocks & Real Estate Co; only shareholders that own above 5% are disclosed
Employees 6,000 (as of 31 December 2012)
Website zain.com

wow now that is interesting, one share at one dinar, they are not throwing away shares for nothing,{ in my opinion } .. if they pull this idea of at 1 share per 1 dinar , at this time they are giving shares away at one tenth of a penny , but they are getting dinar , which I believe they are betting on the dinar to go too a 1 too 1 ratio really soon , as in next year or so, and they can rake in big money for a stock they only sold for pennies, looks to me like a reverse stock projection , in the stock holders favor { just my thinking } but also if the telecommunications thing works out ,, everyone makes good money , what a twist

interesting regarding the price........not exactly a penny stock with a corp as huge as Zain.