BAGHDAD / Aswat al-Iraq: Qtel's subsidiary Asiacell yesterday announced that its share offer is now open for subscription.

 

Investors are now invited to complete and submit their application forms to subscribe.

 

67.503 billion shares, representing 25% of Asiacell's share capital, are available to investors.

 

The offer is open to all investors who have a trading account with one of the registered brokers with the Iraq Stock Exchange (ISX).

 

There is no minimum number of shares that investors can subscribe to.
The subscription period is open from today until 2 February 2013.

 

 

Asiacell will be trading on the ISX under the ticker (TASC) on 3 February 2013.
The Offer is expected to be the biggest in Iraqi history.

 

Commenting on the announcement, Mr Faruk M.
Rasool, Managing Director of Asiacell, said, "It's an exciting day for us all - we are inviting all Iraqis - whether they wish to buy small or large number of shares - to own a part of Asiacell, a truly Iraqi success story."

 

 

"We are building on very solid foundations and our plan is to continue to offer our subscribers ever better quality network coverage, the best customer service and innovative features," he continued.

 

 

"We want to share our future growth with an expanded group of Iraqis," Rasool said.

 

SH (TI)/SR