Browse
related articles
Qtel gains on Asiacell's Iraq IPO
- Qatar: Monday, February 04 - 2013 at 15:37
For the second day in a row, the QE 20 Index closed unchanged at 8,725.03 points. Qatar Telecom added half a percentage point to close at QR112.50. Earlier in the day, the telecom firm's subsidiary Asiacell announced the successful completion of its share offer. The offering raised IQD1,485.1 billion ($1.27bn), representing 25% of its share capital. The company also announced the admission of its Shares to the Official List of Securities maintained by the Iraq Securities Commission and to trading on the Iraq Stock Exchange, under the ticker "TASC". Following the IPO, 25% of the shares will be in free float with Qtel now consolidating 64.06% of Asiacell, including an existing stake of 49% held through a wholly owned Iraqi subsidiary.
Related Content
Article Options
Gérard Al-Fil, Financial JournalistMonday, February 04 - 2013 at 15:37 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / 4C.
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
