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Asiacell announces IPO price
31-12-2012 | (Voice of Iraq)
the leading mobile operator with high quality in Iraq and the number of its subscribers 9.9 million subscribers - for further details on sell shares important and next (hereinafter referred to as the "IPO") market for securities Iraq.
This will include offering, which is expected to be the first of its kind in Iraq and one of the biggest IPO in the Middle East over the past year, .000.00067.503 shares, representing 25% of the company's capital. The shares will be offered at a price not less than 22 Iraqi dinars per share.
Will pose a number of founding shareholders shares representing 25% of the company's capital to retail investors and institutions who have the trading account in the Iraqi market for securities.
And will be open in the IPO on Thursday approved January 3 / January 2013 and will end on Saturday, February 2 / February 2013. It is expected to accept the inclusion of these shares, which represent 25% of the share capital of the company's current shares, the official list of securities with the Securities Iraq is expected to begin trading on the Iraq Stock Exchange on Sunday, February 3 / February 2013.
For his part, said the managing director of the company Asiacell Communications, Mr. Faruk Mustafa Rasool, in commenting on this statement, this is another step towards the IPO, which is an important development in our march. We have succeeded in building a stable and growing work in all parts of Iraq, and we are pleased to be able to provide an opportunity for all Iraqis to participate in our future by owning a stake in Asiacell. We are confident in our future with the continued growth of the mobile communications industry in Iraq and we look forward to accept a new group of investors in 2013. "
Registration is open for the offering to all investors, individuals and institutions, provided that they have a trading account in the Iraqi market for securities.
Should investors who wish to participate in launch Asiacell contact one of the mediators accredited Iraqi market for securities (referred to as simply as "intermediaries"), and get them published subtraction available to have as well as in centers Asiacell, and kindly read this publication.
Spring is working to mediate in the sale and purchase of the financial Allawrac - a brokerage firm independent leader in Iraq - as a distributor and sales agent only, while working owners Iraq - a financial consulting firm Iraqi - as the sole advisor for the company regarding بالطرح.
Asiacell obtained license to operate a fifteen-year-old issued by the Communications and Media Commission of Iraq in 2007 ("license"), whereby the Asiacell licensed to build a network and operation of mobile phones in all parts of Iraq. In 2009, Asiacell became the first mobile phone company covering its state Kafahonh network, where the company offers its services to Iraq's eighteen provinces all. Asiacell provides services in the capital Baghdad, as well as other major Iraqi cities, and through a network covering 97% of Iraq's population. In 2011, awarded by the Ministry of Communications Asiacell the title of "best player for mobile communications services" in Iraq.
Mainly provide Asiacell prepaid services, which constitute the majority of the number of subscribers has.
Asiacell's share of the revenues of the mobile telephony market rose by 43% at the end of September / September 2012 and offers service packages prepaid mobile phones to its subscribers of individuals and businesses alike and numbered 9.9 million subscribers.
Asiacell achieved strong financial performance and steady compound annual growth rate in revenues of 22% from 2009 to 2011.
According to standardized accounting system by Iraqi standards, the company achieved revenues of 1,564 billion Iraqi dinars during the first nine months of 2012, while revenues amounted to fiscal year 2011 (12 months) 1,836 billion Iraqi dinars.
Average earnings before interest of the city and tax, depreciation and الاندثارات in the first nine months of 2012 is equivalent to 824 billion Iraqi dinars, while the total rate profit before interest of the city and tax, depreciation and الاندثارات in 2011 (12 months) the equivalent of 926 billion Iraqi dinars.
Surplus after tax in the first nine months of 2012 the equivalent of 474 billion Iraqi dinars, while the surplus after tax in 2011 (12 months) equivalent to 504 billion Iraqi dinars.
The average income is used to Asiacell 18,000 Iraqi dinars a month, in the first nine months of 2012.
Qatar Telecom owns ("Qtel") u. M. BC. 53.9% of Asiacell. Qtel is present in 17 countries and has 89.2 million customers, including 9.9 million customers in Iraq. This has contributed to Asiacell 19% of Qtel revenues and 26% of its net profit in 2011.
In addition to the lines normal prepaid, which serves more than 53% of the participants, the contributions paid in advance offered by the company include a number of packages allocated to meet the needs of different segments of the market - and that includes the youth and women as well as innovative service designed to meet the needs of millions of visitors who visit Iraq each year. Asiacell also offers subscriptions later Mufuah (invoice line) for subscribers to businesses and individuals alike.
The 84 major distributor distribute the company's products through more than 12,000 individual points of sale across Iraq.
The company's 20 hour sale center directly by it and carry its brand, as well as a growing network of sales centers that have the right to franchise.
Mohamed Omari
AME
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31-12-2012 | (Voice of Iraq)
the leading mobile operator with high quality in Iraq and the number of its subscribers 9.9 million subscribers - for further details on sell shares important and next (hereinafter referred to as the "IPO") market for securities Iraq.
This will include offering, which is expected to be the first of its kind in Iraq and one of the biggest IPO in the Middle East over the past year, .000.00067.503 shares, representing 25% of the company's capital. The shares will be offered at a price not less than 22 Iraqi dinars per share.
Will pose a number of founding shareholders shares representing 25% of the company's capital to retail investors and institutions who have the trading account in the Iraqi market for securities.
And will be open in the IPO on Thursday approved January 3 / January 2013 and will end on Saturday, February 2 / February 2013. It is expected to accept the inclusion of these shares, which represent 25% of the share capital of the company's current shares, the official list of securities with the Securities Iraq is expected to begin trading on the Iraq Stock Exchange on Sunday, February 3 / February 2013.
For his part, said the managing director of the company Asiacell Communications, Mr. Faruk Mustafa Rasool, in commenting on this statement, this is another step towards the IPO, which is an important development in our march. We have succeeded in building a stable and growing work in all parts of Iraq, and we are pleased to be able to provide an opportunity for all Iraqis to participate in our future by owning a stake in Asiacell. We are confident in our future with the continued growth of the mobile communications industry in Iraq and we look forward to accept a new group of investors in 2013. "
Registration is open for the offering to all investors, individuals and institutions, provided that they have a trading account in the Iraqi market for securities.
Should investors who wish to participate in launch Asiacell contact one of the mediators accredited Iraqi market for securities (referred to as simply as "intermediaries"), and get them published subtraction available to have as well as in centers Asiacell, and kindly read this publication.
Spring is working to mediate in the sale and purchase of the financial Allawrac - a brokerage firm independent leader in Iraq - as a distributor and sales agent only, while working owners Iraq - a financial consulting firm Iraqi - as the sole advisor for the company regarding بالطرح.
Asiacell obtained license to operate a fifteen-year-old issued by the Communications and Media Commission of Iraq in 2007 ("license"), whereby the Asiacell licensed to build a network and operation of mobile phones in all parts of Iraq. In 2009, Asiacell became the first mobile phone company covering its state Kafahonh network, where the company offers its services to Iraq's eighteen provinces all. Asiacell provides services in the capital Baghdad, as well as other major Iraqi cities, and through a network covering 97% of Iraq's population. In 2011, awarded by the Ministry of Communications Asiacell the title of "best player for mobile communications services" in Iraq.
Mainly provide Asiacell prepaid services, which constitute the majority of the number of subscribers has.
Asiacell's share of the revenues of the mobile telephony market rose by 43% at the end of September / September 2012 and offers service packages prepaid mobile phones to its subscribers of individuals and businesses alike and numbered 9.9 million subscribers.
Asiacell achieved strong financial performance and steady compound annual growth rate in revenues of 22% from 2009 to 2011.
According to standardized accounting system by Iraqi standards, the company achieved revenues of 1,564 billion Iraqi dinars during the first nine months of 2012, while revenues amounted to fiscal year 2011 (12 months) 1,836 billion Iraqi dinars.
Average earnings before interest of the city and tax, depreciation and الاندثارات in the first nine months of 2012 is equivalent to 824 billion Iraqi dinars, while the total rate profit before interest of the city and tax, depreciation and الاندثارات in 2011 (12 months) the equivalent of 926 billion Iraqi dinars.
Surplus after tax in the first nine months of 2012 the equivalent of 474 billion Iraqi dinars, while the surplus after tax in 2011 (12 months) equivalent to 504 billion Iraqi dinars.
The average income is used to Asiacell 18,000 Iraqi dinars a month, in the first nine months of 2012.
Qatar Telecom owns ("Qtel") u. M. BC. 53.9% of Asiacell. Qtel is present in 17 countries and has 89.2 million customers, including 9.9 million customers in Iraq. This has contributed to Asiacell 19% of Qtel revenues and 26% of its net profit in 2011.
In addition to the lines normal prepaid, which serves more than 53% of the participants, the contributions paid in advance offered by the company include a number of packages allocated to meet the needs of different segments of the market - and that includes the youth and women as well as innovative service designed to meet the needs of millions of visitors who visit Iraq each year. Asiacell also offers subscriptions later Mufuah (invoice line) for subscribers to businesses and individuals alike.
The 84 major distributor distribute the company's products through more than 12,000 individual points of sale across Iraq.
The company's 20 hour sale center directly by it and carry its brand, as well as a growing network of sales centers that have the right to franchise.
Mohamed Omari
AME
[You must be registered and logged in to see this link.]
