DOHA: Qtel’s subsidiary Asiacell has announced the successful completion of its share offer. The offering raised $ 1.27bn, representing 25 percent of its share capital. The company also announced the admission of its Shares to the Official List of Securities maintained by the Iraq Securities Commission and to trading on the Iraq Stock Exchange under the ticker “TASC”.
Following the IPO, 25 percent of the shares will be in free float with Qtel now consolidating 64.06 percent of Asiacell, including an existing stake of 49 percent held through a wholly owned Iraqi subsidiary, Qtel said in a Qatar Exchange filing.
The Peninsula
