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2010-11-29
Wataniya Palestine Mobile Telecommunications Public Shareholding Company (Wataniya Mobile or the Company), the second Palestinian mobile phone operator, as part of its listing process announced that once listed on the Palestine Exchange (PEX) its ticker will be "Wataniya".
The Company announced its Initial Public Offering of shares (IPO) was open for subscription on Sunday 7 November 2010. With just five days of the subscription period left, interested international investors are invited to contact HSBC Bank Middle East Limited, the Sole Global Coordinator and Sole Bookrunner, and Arab Bank Group, the Regional Coordinator. Retail investors in Palestine are also invited to subscribe now at branches of HSBC, Arab Bank, Bank of Palestine, Palestine Commercial Bank, Palestine Islamic Bank, Qatar National Bank and Quds Bank in the West Bank or Gaza.
Dr. Mohammad Mustafa, Chairman of Wataniya Mobile, commented: "The announcement of the Wataniya Mobile ticker is another step closer to our listing on the PEX. This IPO offers investors an exciting chance to share in the future of a high growth Palestinian company, and with just five days left until the subscription period closes, we remind people to subscribe now before it is too late."
Dr. Bassam Hannoun, Chief Executive Officer of Wataniya Mobile said: "We have spent the past three weeks meeting regional and international institutional investors, communicating the compelling investment story of Wataniya Mobile. While we are not in a position to disclose specific levels of subscription until the close of the offer, we have seen strong levels of interest from both international and local retail investors and are confident that the IPO will be a great success."
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