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Zain Iraq officially announced the launch of 25% of the shares of the ring in the Iraqi Securities
5/19/15
Independent) ... Company "Zain Iraq" Telecom announced the launch of 25% of its shares in the Iraq Stock Exchange, noting that the entry to the market will contribute significantly to the total amount of the financial market, which will exceed the total amount of the financial market ten billion dollars.
Said Zain Iraq said in a statement received (Independent) said on Monday that "the Board of Directors of Zain Group officially announced to put up for sale ratio of 25% of the shares of the ring owned by Zain Group to implement the terms of the IPO ring company in the Iraq Stock Exchange and in line with the conditions that have been disclosed in the operating license granted to the company in Iraq by the media and communications, "pointing out that" the company is on its way to the completion of all necessary regulatory measures to ensure the inclusion of 2015 ".
The statement added that "the launch of its shares for trading on the Iraqi Stock Exchange and billions of dollars will contribute significantly to the total amount of the financial market and Booze will exceed the total amount of the financial market ten billion dollars for the first time in the history of Iraq," stressing that "our entry in the market will spur to attract foreign investments and to the foreign market where the company will join the ring 95 other Iraqi company traded on the market currently. "
The head of the Board of Directors of the ring Muhammad Jerjfja that "the company process our catalog on Iraq was close to completion with the Zain Iraq to work actively offering its shares to the Iraqis and all investors," noting that "it will give investors the opportunity to participate in one the success of the most prominent companies."
For his part, Managing Director of the company seal and Vice President of the Board of Directors of Zain Group Badr Al-Kharafi said "the possibility of significant growth still exist in the Iraqi telecom market, despite the challenges posed by the security situation in the country with the launch of third-generation 3.9G services in Iraq at the beginning of this year and with the investments continuing in infrastructure.
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5/19/15
Independent) ... Company "Zain Iraq" Telecom announced the launch of 25% of its shares in the Iraq Stock Exchange, noting that the entry to the market will contribute significantly to the total amount of the financial market, which will exceed the total amount of the financial market ten billion dollars.
Said Zain Iraq said in a statement received (Independent) said on Monday that "the Board of Directors of Zain Group officially announced to put up for sale ratio of 25% of the shares of the ring owned by Zain Group to implement the terms of the IPO ring company in the Iraq Stock Exchange and in line with the conditions that have been disclosed in the operating license granted to the company in Iraq by the media and communications, "pointing out that" the company is on its way to the completion of all necessary regulatory measures to ensure the inclusion of 2015 ".
The statement added that "the launch of its shares for trading on the Iraqi Stock Exchange and billions of dollars will contribute significantly to the total amount of the financial market and Booze will exceed the total amount of the financial market ten billion dollars for the first time in the history of Iraq," stressing that "our entry in the market will spur to attract foreign investments and to the foreign market where the company will join the ring 95 other Iraqi company traded on the market currently. "
The head of the Board of Directors of the ring Muhammad Jerjfja that "the company process our catalog on Iraq was close to completion with the Zain Iraq to work actively offering its shares to the Iraqis and all investors," noting that "it will give investors the opportunity to participate in one the success of the most prominent companies."
For his part, Managing Director of the company seal and Vice President of the Board of Directors of Zain Group Badr Al-Kharafi said "the possibility of significant growth still exist in the Iraqi telecom market, despite the challenges posed by the security situation in the country with the launch of third-generation 3.9G services in Iraq at the beginning of this year and with the investments continuing in infrastructure.
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