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Wataniya Mobiles offers shares for IPO

2010-11-02

Wataniya Palestine Mobile Telecommunications Public Shareholding Company (Wataniya Mobile) - the second licensed mobile telecom company in Palestine - announced its intention to raise $50.3 million through undertaking an Initial Public Offering (IPO) by offering 15% (38.7 million shares) of its shares, starting from November 07 to December 02 with a price per share of $1.30 (par value ($1) in addition to an issuance premium ($0.30).

To see the company’s IPO announcement, please click on the following link:

Wataniya IPO - Announcement