Batelco to invest $1bn in Saudi
Saudi Arabia: Tuesday, May 13 - 2008 at 10:41
Batelco (Bahrain Telecommunications Company) plans to invest $1bn in the Saudi market as part of a strategy to raise revenue by boosting its overseas operations, reported Arab News. The company is also seeking permission for an IPO and intends to list 25% of its shares on the Saudi bourse, Peter Kaliaropoulos, CEO of Batelco, said during the company's quarterly media briefing.
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Jeff Florian, Senior ReporterTuesday, May 13 - 2008 at 10:41 UAE local time (GMT+4)
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