Ezat Issa at the Kurdish Regional Government says Erbil has the permission of the federal markets regulator and points to many Kurdistan-based firms that could undertake IPOs, perhaps listing in Baghdad as well. The list includes mobile-phone firms Asiacell and Korek, Erbil-based banks KIB and Cihan, a hotel firm, and cement companies Mass and Bazian, owned by France’s Lafarge. Some are sceptical. Mass Cement Company, for example, tells Euromoney it will wait and see which companies list.
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