Zain holds 56.3 pct stake in Zain Bahrain. Zain holds a 56.3 percent stake in the company, so Zain would no longer be majority owner should existing shareholders be required to sell shares in the IPO on a proportional basis. Gegenheimer acknowledged Zain Bahrain was running out of time to launch the share sale by year-end, but said Zain still aimed to meet the deadline. Zain Bahrain's net profit for the nine months to Sept. 30 fell 22.9 percent from a year earlier to $10 million, according to Zain's financial statements.
Source: REUTERS
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