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Iraq Stock Exchange: Asia included about one billion shares, rings protests and Cork waiting for Profit
Long-Presse / Baghdad
Announced that the board of the Iraqi stock, on Saturday, the Asia-Cell mobile phone included more than a billion shares in the Iraq Stock Exchange and made a good profit to its customers, and as he emphasized that the two rings (Zain) and Cork mobile phone are still not fade to their shares in the market, demanded the board of the media and communications that take their role in the follow-up to the shares of the two companies in the market.
The head of the Authority Abdul-Razzaq al-Saadi said in an interview to the (long-Presse), said that "according to the contract between the board of telecommunications companies and three mobile phone must sell 25% of the founding shares after four years from the date of the license in the stock market and the second should be the proportion of Iraqis owners where not less than 45%. "
Saadi added that "torrent Asia Company applied the process and raised one billion and 685 million shares in circulation was sold at a trading and has no problem in the percentage of Iraqis owners because the owners more than the required number."
And on Zain or rings, Saadi pointed out, "it was renamed Zain to rings until they are separated by subtracting the stock market for Kuwaiti Zain owner of the shares, according to the license was supposed to include two years ago," but he also said, "but so far They have a difference of opinion between the board of the media and communications about the interpretation of the contract, Fsharkp Zain confirms offered for the shares but does not sell them on the grounds that the contract between it and the board communications provided for Indeed, the text of the contract on the stock put and did not complete the sale is a question here, what is the use of offering shares what is not sold. "
In a related context, al-Saadi said that "Cork company has a lot of problems, including the fact that the company is located in the northern region in the Kurdistan Region as well as the tax problems, and the problem is basically that it is not profitable, and we are waiting to have a profit or take the board communications and deal with it and apply the right license leave as is the case with the companies of Asia and Zen. "
Saadi said that "there are two things committed by the body was when first established that it will not force any company to be included in the market and the second that does not interfere in the matter of the sale and purchase of the company and these two things in order to achieve a free market," and urged the board of the media and communications to "move on Zain Cork and vocabulary in order to apply the license contract and to include their shares in the market serving the Iraqi economy.
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Long-Presse / Baghdad
Announced that the board of the Iraqi stock, on Saturday, the Asia-Cell mobile phone included more than a billion shares in the Iraq Stock Exchange and made a good profit to its customers, and as he emphasized that the two rings (Zain) and Cork mobile phone are still not fade to their shares in the market, demanded the board of the media and communications that take their role in the follow-up to the shares of the two companies in the market.
The head of the Authority Abdul-Razzaq al-Saadi said in an interview to the (long-Presse), said that "according to the contract between the board of telecommunications companies and three mobile phone must sell 25% of the founding shares after four years from the date of the license in the stock market and the second should be the proportion of Iraqis owners where not less than 45%. "
Saadi added that "torrent Asia Company applied the process and raised one billion and 685 million shares in circulation was sold at a trading and has no problem in the percentage of Iraqis owners because the owners more than the required number."
And on Zain or rings, Saadi pointed out, "it was renamed Zain to rings until they are separated by subtracting the stock market for Kuwaiti Zain owner of the shares, according to the license was supposed to include two years ago," but he also said, "but so far They have a difference of opinion between the board of the media and communications about the interpretation of the contract, Fsharkp Zain confirms offered for the shares but does not sell them on the grounds that the contract between it and the board communications provided for Indeed, the text of the contract on the stock put and did not complete the sale is a question here, what is the use of offering shares what is not sold. "
In a related context, al-Saadi said that "Cork company has a lot of problems, including the fact that the company is located in the northern region in the Kurdistan Region as well as the tax problems, and the problem is basically that it is not profitable, and we are waiting to have a profit or take the board communications and deal with it and apply the right license leave as is the case with the companies of Asia and Zen. "
Saadi said that "there are two things committed by the body was when first established that it will not force any company to be included in the market and the second that does not interfere in the matter of the sale and purchase of the company and these two things in order to achieve a free market," and urged the board of the media and communications to "move on Zain Cork and vocabulary in order to apply the license contract and to include their shares in the market serving the Iraqi economy.
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