Since its launch in 2005, Ooredoo has helped transform the
telecommunication industry in the Maldives. With significant investments in
both infrastructure and technologies, Ooredoo has enjoyed quite a notable
growth. And now, the company is planning to take this to the next level by
listing Ooredoo Maldives shares on the Maldives Stock Exchange on April 30,
2017.
It is offering 40 percent of the company shares for
subscription, inviting local and international investors to be a part of
Ooredoos solid growth story, and invest in the companys continued efforts to
bring digital empowerment to the people of Maldives.
Ooredoo Maldives plans to offer the securities through an
Initial Public Offering (IPO), which will be open to Maldivian and
international investors. The listing reflects the extent of Ooredoos
accomplishments in the Maldives and gives investors the opportunity to be part
of its growth story.
Sheikh Abdulla bin Mohammed bin Saud Al Thani, Chairman of
Ooredoo Group, said: "Ooredoo has contributed to the advancement of the ICT
sector in the Maldives for more than a decade.
Over this time, we have harnessed the management and
technical expertise of our employees and used the power of Ooredoo Groups
brand to deliver the best telecommunication products and services. We are
confident that the upcoming IPO will continue to contribute to providing the
best value to our shareholders and stakeholders.
Allowing local and international investors the opportunity
to subscribe to Ooredoo Maldives shares, after listing them on the Maldives
Stock Exchange, will guarantee everyone a chance to take part in its growth,
the growth of the Maldives and Ooredoo Group."
Sheikh Saud bin Nasser Al Thani, Group CEO, Ooredoo, said: "This
IPO is a clear demonstration of what Ooredoo has achieved in the Maldives. We
wont stop here though, we are always looking to further our progress and
growth, and we welcome new investors to share success with us. This initial
public offering of Ooredoo Maldives shares provides investors with a chance to
be an important part of our progress, as we continue to work to provide profits
and contribute to the societys growth, as well as play a key role in
developing the telecoms sector in the Maldives to higher levels."
Serving consumers and businesses in 10 countries, Ooredoo
delivers the leading data experience through a broad range of content and
services via its advanced, data-centric mobile and fixed networks and has seen
an astronomical growth in its popularity and success in the small island nation
of Maldives.
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