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(Zain) is preparing to launch 25% of its shares to revive the stock market and attract more foreign
26/5/2015 19:18
Baghdad
Announced Telecom contribute to the owner of the ether for mobile communications ring Company (Zain Iraq), on Tuesday, the Board of Zain Group Management formally agree to put up 25 percent of the shares owned by the Iraq Stock Exchange, usually that this confirms the possibility of "significant growth" in the market Iraqi communications despite the security challenges.
The ring company said in a statement received (long-Presse) a copy of it, it was "announced in 18 of last May its intention to complete the necessary regulatory procedures to ensure the inclusion within the legal period specified in the approval of the listing of JSC", noting that "the Board of Group Management Zen formally approved the sale ratio of 25 percent of the ring's shares owned by Zain Group to implement the terms of the IPO ring company in the Iraq Stock Exchange, in line with the conditions that have been disclosed in the operating license granted to the company in Iraq by the CMC. "
I promised the company, that "their presence in the Iraqi Stock Exchange greatly contribute to strengthening the overall value of the market, estimated lead to exceed ten billion dollars for the first time in the history of Iraq," indicating that "it is a catalyst to attract foreign investment to Iraq Stock Exchange, where that ring the company will join the 95 other Iraqi company traded on the market today. "
The statement quoted the Chairman of the ring Company, Mohammed Jerjfja, saying, "The inclusion of the company's shares in Iraq gives investors the opportunity to participate in one of the most successful companies and stand with us as we move toward the next phase of development and growth."
For his part, Managing Director of the company seal, and Vice Chairman of Zain Group, Badr Al-Kharafi, said that "the launch of third-generation services in Iraq earlier this year the current 2015, and continuing investments in infrastructure, asserts that the possibility of significant growth still exist in the Iraqi telecom market despite the challenges posed by the security situation in the country ",
According to the company, that "Zain Group announced the establishment was raised as a private ring joint stock company belonging to the Telecom Limited in July of 2013 in preparation for the process of listing on the Iraq Stock Exchange," arguing that "the completion of the inclusion of the ring company in the Iraq Stock Exchange means that the company Zain has completed the license granted to the Company's obligations. "
The Iraqi Securities Commission, revealed in (the fourth of May the current 2015), for approval to request the inclusion of shares ring Company (Zain Iraq) mobile phone for trading on the Iraq Stock Exchange valued at 450 billion shares, expected to form the addition of "real" In trading operations will be reflected positively on the country's economy, while the company confirmed that it will determine the date and a mechanism to list its shares and raised prices.
The Securities Commission, confirmed in (the seventh of February 2015), the Asian company torrent of mobile phone included more than a billion shares in the Iraq Stock Exchange and achieved good profits for their clients, while confirmed that the two ring (Zain Iraq) and Cork mobile phone what Tzalan their shares have not gradual in the market, CMC has demanded that takes its role in the follow-up to the inclusion of the two companies shares in the market.
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26/5/2015 19:18
Baghdad
Announced Telecom contribute to the owner of the ether for mobile communications ring Company (Zain Iraq), on Tuesday, the Board of Zain Group Management formally agree to put up 25 percent of the shares owned by the Iraq Stock Exchange, usually that this confirms the possibility of "significant growth" in the market Iraqi communications despite the security challenges.
The ring company said in a statement received (long-Presse) a copy of it, it was "announced in 18 of last May its intention to complete the necessary regulatory procedures to ensure the inclusion within the legal period specified in the approval of the listing of JSC", noting that "the Board of Group Management Zen formally approved the sale ratio of 25 percent of the ring's shares owned by Zain Group to implement the terms of the IPO ring company in the Iraq Stock Exchange, in line with the conditions that have been disclosed in the operating license granted to the company in Iraq by the CMC. "
I promised the company, that "their presence in the Iraqi Stock Exchange greatly contribute to strengthening the overall value of the market, estimated lead to exceed ten billion dollars for the first time in the history of Iraq," indicating that "it is a catalyst to attract foreign investment to Iraq Stock Exchange, where that ring the company will join the 95 other Iraqi company traded on the market today. "
The statement quoted the Chairman of the ring Company, Mohammed Jerjfja, saying, "The inclusion of the company's shares in Iraq gives investors the opportunity to participate in one of the most successful companies and stand with us as we move toward the next phase of development and growth."
For his part, Managing Director of the company seal, and Vice Chairman of Zain Group, Badr Al-Kharafi, said that "the launch of third-generation services in Iraq earlier this year the current 2015, and continuing investments in infrastructure, asserts that the possibility of significant growth still exist in the Iraqi telecom market despite the challenges posed by the security situation in the country ",
According to the company, that "Zain Group announced the establishment was raised as a private ring joint stock company belonging to the Telecom Limited in July of 2013 in preparation for the process of listing on the Iraq Stock Exchange," arguing that "the completion of the inclusion of the ring company in the Iraq Stock Exchange means that the company Zain has completed the license granted to the Company's obligations. "
The Iraqi Securities Commission, revealed in (the fourth of May the current 2015), for approval to request the inclusion of shares ring Company (Zain Iraq) mobile phone for trading on the Iraq Stock Exchange valued at 450 billion shares, expected to form the addition of "real" In trading operations will be reflected positively on the country's economy, while the company confirmed that it will determine the date and a mechanism to list its shares and raised prices.
The Securities Commission, confirmed in (the seventh of February 2015), the Asian company torrent of mobile phone included more than a billion shares in the Iraq Stock Exchange and achieved good profits for their clients, while confirmed that the two ring (Zain Iraq) and Cork mobile phone what Tzalan their shares have not gradual in the market, CMC has demanded that takes its role in the follow-up to the inclusion of the two companies shares in the market.
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