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FINANCIAL NEWS
Wataniya IPO receives 13,850 applications
29 Dec 2010
(MENAFN) Dr Bassam Hannoun, Chief Executive Officer of Wataniya Palestine Mobile Telecommunications Public Shareholding, said that the company raised $50.3 million in its Initial Public Offering (IPO) that attracted 13,850 applicants, reported Khaleej Times.
The CEO said that Wataniya, the second Palestinian mobile phone operator got a demand worth $78 million on its IPO, which is 150% of the offering. Demand came from retail investors in Palestine as well as from international institutional investors.
It is worth noting that Wataniyah was commercially established in 1999 as the first privately owned telecommunications operator in Kuwait. Wataniya has been a driving force in increasing the mobile market penetration in Kuwait. Wataniya Telecom has grown rapidly through acquisitions in Kuwait, Maldives, Saudi Arabia, Tunisia, Algeria and the Palestinian territories.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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