Wednesday, October 5, 2011

Kuwait's Wataniya plans second listing in Qatar

I didn't know Wataniya was majority-owned by Qatar.

Kuwait's Wataniya plans second listing in Qatar - Markets -

Kuwait's National Mobile Telecommunications Co (Wataniya), which is majority-owned by Qatar Telecommunications (Qtel), plans to launch a dual listing on the Doha exchange by the year-end, its chief executive said on Tuesday.

"(The) Qatar listing is still on the cards, but has taken a bit of time because of issues between the exchanges. They have asked for more information," Scott Gegenheimer told reporters on the sidelines of a conference. "It's planned before the year-end."

The dual listing is meant to give Qataris access to the company's stock without going to the Kuwaiti market, said Gegenheimer.

The executive said Wataniya, which also operates in North Africa, the Maldives and the Palestinian Territories, still intended to launch an initial public offering for its private mobile operator, Tunisiana.

Mashallah, Qatar is buying up the world.

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