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FINANCIAL NEWS
Kuwait’s Wataniya plans dual listing on Doha exchange
06 Oct 2011
(MENAFN) Wataniya’s chief executive, Scott Gegenheimer, said that by the year end, Kuwait’s National Mobile Telecommunications Co. would start a dual listing on the Doha exchange, reported Arab News.
Gegenheimer added that the move would give Qataris an access to
Wataniya’s stock without having the need to go to the Kuwaiti market; on the other hand, he said that the listing on Doha’s exchange was planned before some time now but it was postponed due to issues between the exchanges.
He also said that Wataniya, which was majority-owned by Qatar Telecommunications (Qtel), still had plans to launch an initial public offering (IPO) for Tunisiana, its private mobile operator.
It is worth noting that Tunisiana’s IPO was announced in the year’s first half, nevertheless, it was delayed due to political unrest in Tunisia.
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