RAMALLAH, Oct. 15 (JMCC) - A statement sent to Arabian Business by Palestinian brokerage firm United Securities confirmed that the telco will offer around 40 million shares in the public offering next month.
A statement sent to Arabian Business by Palestinian brokerage firm United Securities confirmed that the telco will offer around 40 million shares in the public offering next month.
“The current capital is now 170,000,000 shares and will be considered as 70% of the total capital…the price will be something around $1.50,” the statement indicated.
The subscription will be handled by HSBC and “several” Palestinian banks.
Wataniya launched commercial services in the West Bank in November last year after being granted the necessary radio spectrum in the third quarter of 2009...
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