Bader al-Kharafi, a board member of Kuwait's Zain, has said the firm's Iraqi unit is committed to its mandatory initial public offering but would benefit from a delay until the local market is ready to absorb the listing, Reuters has reported. Zain Iraq, along with rivals Asiacell and Korek Telecom, were required to float 25% of their shares on the Iraqi bourse by last August as part of their 2007 licences. "I'm not really sure if the market is ready and it would be for the benefit of all three operators to delay it a bit, but it is definitely going to come," he said.